"If anything, the country’s labour productivity remains so poor – second worst in the G7 – precisely because Canada has put so much weight on the fossil-fuel industry, starving more dynamic industries of capital. In this regard, Harvard University’s Index of Economic Complexity ([url]https://oec.world/en/profile/country/can[/url]) is revealing. Canada’s export profile – heavily dependent on a relatively narrow range of resource exports – not only makes it look backward, but the situation has been getting worse, since gains for the fossil-fuel industry aren’t producing much in the way of economic diversification.​
What the Mideast war has highlighted is that oil’s days are numbered – though it may be with us for a while, it will never enable us to reclaim past glory.
Canada should read that memo now, because this moment of opportunity won’t last.​"
What the Mideast war has highlighted is that oil’s days are numbered – though it may be with us for a while, it will never enable us to reclaim past glory.
Canada should read that memo now, because this moment of opportunity won’t last.​"
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