Take note my American friends, this is what crony Capitalism does to your economy. The biggest loser by far was Ontario, the same jurisdiction that is the most indebted sub borrower int he world. They make California look like a model of fiscal responsibility. I kid you not.
A low dollar which isn’t encouraging foreign business investment when it should be. Low price of oil which hurts the economy in the West. An unaccountable and disinterested security apparatus which is firmly concerned with personal gain at the expense of the rest of the country while not enforcing the most basic laws involving bribery, cronyism theft and government “redistribution” of tax dollars to government selected businesses, pals and family members.
I strongly advise if you or someone you know is in business, don’t consider opening up shop in Canada unless you are going to be sending over your existing staff and in particular your own human resources department. The cost of doing business is excessive, the red tape immense. What I often refer to as “the bridge” in which gatekeepers are manning. Government entities regulating and controlling the market place, and constantly putting good money on bad businesses (never their own) while discouraging innovation and entrepreneurial ambitions.
There is one kind of capitalism, free market capitalism. All other forms are doomed to be inefficient, run up debt to fund existing initiatives (thus harming future generations), and ultimately, fail. If you know anyone who thinks different, have them contact me.