Quote:
Originally Posted by westopher
So, did Trudeau tank the dollar and keep it low? Or did previous governments create this problem which couldn't be recovered. I really hope RS still exists so if PP doesn't bring it back up to par you can say how it was the previous liberals fault, when this wasn't the previous conservative fault.
I just wanna see some consistency tbh.
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It’s a decade+ long issue.
Oil prices tanked the dollar at the end of Harper’s term
That left manufacturing, housing. education, and kinda immigration.
Almost each of these dominos keeping economy afloat fell l:
Immigration/education got enough media attention, so those got cut.
Housing kept things afloat till it got fucked by US rate hikes.
Only lever the gov had left was to drop CAD rates to keep that afloat.
Without smart natural resource and infrastructure investment/policy, I don’t see a way for Canada to dig themselves out of this hole.
Even the US is increasing skilled immigration with new H1B changes announced today; cue more brain drain and less Canadian big tech hiring.