US GDP soars to 4.1%; a moribund .3% is the Canadian figure, which is actually negative when you factor population growth. Until 2015 Canadian economic performance tracked with U.S. performance. This is no longer the case. Texas, for example, suffers a critical labour shortage because of an energy boom; yet the precise opposite is the case in energy rich Alberta. Alberta has yet to recover even two thirds of its energy production in terms of revenue prior to the crash events that announced the Great Recession.
It is time to begin asking ourselves why. Continue reading