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.
Canada has been having success, but success leads to complacency and ultimately to undoing what makes things successful.
ReplyDeleteUnbelievably, 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.