General News Canadian Election

We'll have to agree to disagree.

Big cooperations leaving Canada would be way more harmful to our economy. The average middle class dad spending his extra saved $200 at a retailer won't do squat.

 

The thing is big corporations have been leaving Canada for years as is. Tax breaks, subsidies etc haven't been enough to negate the fact that they can move to America, Mexico, Asia etc etc and function with labour costs a fraction of what they are here as well as fairly often cheap production costs.

The companies that do try to negotiate to stay looking to lower wages in an attempt to curb their costs are often left dealing with Unions that refuse to budge (knowing full well that the choice is either reduce wages by x percent or the company leaves).

More disposable income for the middle to lower class reinvigorates the local economy, this is something I've witnessed growing up,as a business manager and a small business owner. Even a few hundred dollars a month generally leads to increases in spending on groceries, eating out on occasion or purchasing small ticket items be it clothing, electronics that have been put off.

This is something that is seen to a lesser extent when hst cheques are released. Everybody from cab company's to grocery stores to pubs sees the influx.

 

lol.

 

I think one of Canada's problems is going to be over-reliance on (difficult to refine) 'oil' as an economic engine...as the US fracks away, and other countries continue to pump out actual oil that's much easier to refine, Canada suffers.

Like the US, I think we would be wise to diversify our energy economies, and move away from such heavy reliance on fossil fuels.

 

This. Aside from the environmental issues I have with Keystone XL, it would be more economically sound if we built our own refineries, for starters.