LOONIE'S OUTBURST: SOLID EXPORT OF COMMODITIES AND SOUND PUBLIC FINANCE
Previously, I wrote a piece on the surge of Canadian dollar relative to U.S. currency. Just a few second ago, I came across Economist's analysis of Canadian dollar's recent surge. It can be read here.
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Canada has been having success, but success leads to complacency and ultimately to undoing what makes things successful.
Unbelievably, the pro-business jurisdiction of Alberta is pulling a "our fair share of the economic rent" on the Alberta oil industry.
If this goes through it will be a lab test case of a good economic jurisdiction gone bad!
Lots of stuff on my blog www.wtfjournal.blogspot.com.
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