Gregory Simpson in the Globe and Mail makes a point out that in light of the current financial crisis something has been forgotten, for all the talk of our banking and financial sector being strong, we are in serious trouble. Exports to the US are the backbone of our economy and so we will go down with them to a large extent and what is being ignored is our economies fundamental weakness, for as Simpson points out, “For much of that time, we covered weak productivity and competitiveness with a low dollar. But its rise, courtesy of oil and other commodities, exposed all the things we had not done.”
photo from Gallery Theatre
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