Quote:
Originally Posted by Margaret Pilkington
then you must consider yourself lucky....that you will be relatively untouched by the financial crisis that we are embroiled in.
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It has nothing to do with luck ... our banks and other financial institutions are rock solid, and controlled by sensible legislation. Our economy is based on resources that we are fortunate enough to have in abundance ... and it is stuff that is always in demand: oil, natural gas, iron, nickle, gold, uranium, potash ... lots of neat stuff. And because of our political system, the Feds can't sell off our natural wealth for short term gain. Mineral wealth is owned by the individual provinces. For example, Alberta gets the revenue from their oil, as does Newfoundland. The government of Saskatchewan gets the revenue from their potash and uranium. Quebec sells power to the North Eastern States. And BC grows the finest marijuana on the planet
The manufacturing sector is the most vulnerable, and with the US as our major trading partner we will suffer some.