'A shadow of its former self': Economists warn about Canada's manufacturing decline

[shockedcanadian]

Now imagine a tariff hits us?

This is the result of a nation that loses its best and brightest, it's entrepreneurs and it's replaced by a Police State and oligarch of control. Unlike the Fords or the world, we've never really had that type of patriotic capitalism for the benefit of all. We spit on Adam Smiths theories.

Our biggest employers are formerly public owned institutions such as telephone companies and banks. As soon as China opened up, Canadian businesses rapidly exited stage left, at an even faster clip than American manufacturers I'm sure, we are great at passing money from one hand to the next, charging a fee and saying "we are a booming service economy!".

MSN

www.msn.com

Canada risks becoming “irrelevant” to global supply chains, with negative consequences for Canadians’ standard of living and productivity, without serious reform to revive its struggling manufacturing sector, National Bank of Canada economists warn.


In a report published Monday, economists Stéfane Marion and Ethan Currie laid out various economic markers showing Canada “is a shadow of its former self when it comes to playing a key role in the G7 manufacturing chain.” And they caution against a “digital era” mindset that assumes countries can succeed as “innovators” while letting traditional manufacturing decline.

 

[Manonthestreet]

Console yourself with the knowledge you are saving the planet.

 

[task0778]

One can only hope that the Canadian people will demand a return to free market policies that foster manufacturing and real economic growth that the current regime does not support. I believe around 30 years ago Canada survived an earlier economic crisis, no? They cut gov't spending and saved themselves fiscal ruin and it was a bipartisan effort if I'm not mistaken. Maybe it's time to do it again, but this time the progressives might be too strong to accomplish anything meaningful.

 

[Crepitus]

Now imagine a tariff hits us?

This is the result of a nation that loses its best and brightest, it's entrepreneurs and it's replaced by a Police State and oligarch of control. Unlike the Fords or the world, we've never really had that type of patriotic capitalism for the benefit of all. We spit on Adam Smiths theories.

Our biggest employers are formerly public owned institutions such as telephone companies and banks. As soon as China opened up, Canadian businesses rapidly exited stage left, at an even faster clip than American manufacturers I'm sure, we are great at passing money from one hand to the next, charging a fee and saying "we are a booming service economy!".

MSN

www.msn.com

Canada risks becoming “irrelevant” to global supply chains, with negative consequences for Canadians’ standard of living and productivity, without serious reform to revive its struggling manufacturing sector, National Bank of Canada economists warn.


In a report published Monday, economists Stéfane Marion and Ethan Currie laid out various economic markers showing Canada “is a shadow of its former self when it comes to playing a key role in the G7 manufacturing chain.” And they caution against a “digital era” mindset that assumes countries can succeed as “innovators” while letting traditional manufacturing decline.

Another sad victim of dOnald j. tRump.

 

[shockedcanadian]

One can only hope that the Canadian people will demand a return to free market policies that foster manufacturing and real economic growth that the current regime does not support. I believe around 30 years ago Canada survived an earlier economic crisis, no? They cut gov't spending and saved themselves fiscal ruin and it was a bipartisan effort if I'm not mistaken. Maybe it's time to do it again, but this time the progressives might be too strong to accomplish anything meaningful.

Without civil liberties there is no free market or innovation. Ontario is doomed more than anyone. I've warned about this for a very long time.