Jun 21 2007
We may have to start rethinking that self-image of Canada as a first world nation getting its economy exploited like a third world banana republic.
Yes, our economy is still far too reliant on raw commodities exports. And, yes, virtually anytime a Canadian company gets big enough to get noticed, it gets taken over by multinational sharks.
But for the first time ever, we’re on the verge of becoming a creditor nation. Assuming we continue to ride the jetstream of petro-dollars and surplus federal budgets, our economy will be in the black by 2010.
Then we can just plug our surplus into a giant RSP for all of our citizens and we’ll be on our way to joining the ranks of Sweden and Denmark.