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Canada forgot to plan for its future by leaning on oil and the loonie

theglobeandmail.com

131–140 of 169 posts

Re: Canada forgot to plan for its future by leaning on oil and the loonie

#131

Canada didn't forget anything. We have a diverse economy with common sense measures like reducing our net debt to GDP, while keeping a fully funded retirement pension fund (CPP, unlike SS, actually invests in the public market). Even the way we do provincial transfer payments is sane. While one industry is booming (Oil, manufacturing, tech) other "have not" provinces get payments through the federal government. This…

I'd argue Canada made concerted efforts to support natural resource industries at the cost of all other industries. Eg. expending massive political capital with the US to push for Keystone XL. We've hurt our image abroad by fighting climate change action, Canada even refused to consider asbestos a hazardous material because there's a single asbestos mine in the country. As soon as that mine closed we switched to cons…

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Re: Canada forgot to plan for its future by leaning on oil and the loonie

#132

Earlier quoted context omitted.

That's a good story that the Fraser institute made a lot of noise about, and made a great headline but in reality Ontario was still contributing more in tax revenues and EI contributions than it got in equalization payments: http://www.thestar.com/opinion/commentary/2013/03/30/money_s...

stop hurting Frasier's feefees, Tone Policing Guy below is getting an aneurysm...

Comments like this break the HN guidelines. Please post civilly and substantively or not at all.

Re: Canada forgot to plan for its future by leaning on oil and the loonie

#133

Earlier quoted context omitted.

you are feeling the same frustration many men in large cities feel these days. look around on the internet. all i can say is, don't expect different results if you keep doing the same things. it's on you to produce the outcomes you want in your life.

> look around on the internet. I know the places you're talking about, and I can't stand them because they're dehumanizing and hypocritical. But believe me I've looked, and in my experience a disproportionate number of these men are actually from Toronto! I'm not saying men don't feel like this elsewhere, but it was surprising to me how this city sticks out. http://www.returnofkings.com/58796/15-reasons-why-toronto-i…

sounds like you should move. i'm sure you won't though.

Re: Canada forgot to plan for its future by leaning on oil and the loonie

#134
Diversification of Canada's economy so that it isn't so dependent on commodities has been talked about for years, and successive governments have long been blamed for not doing it. That makes it worth asking whether governments have the power to do this in the first place. What examples are there of it having been done successfully?

Re: Canada forgot to plan for its future by leaning on oil and the loonie

#135

I've seen enough agreement that I think it's worth pointing out. The dating market for men in Toronto is terrible, at least if you're not in the mainstream attractive subset: over 5'10, have all your hair, have easy social charm and confidence. I don't know exactly why this is but anecdotally women are extremely selective and have it ingrained deeply to never settle for anything (and they're not happy about not findi…

There is no place on earth where short, bald, charmless guys lacking confidence are top of the dating tree.

Re: Canada forgot to plan for its future by leaning on oil and the loonie

#136

Earlier quoted context omitted.

If the weather's too cold, just put on better clothing and suddenly it's comfortable again. Unlike Houston, where it's crazy hot and humid all the time, and there's nothing you can do about it except for hide inside in the air conditioning. No, the problem with Canada recently has been that it's been too warm. It's hard to really appreciate winter if it's too warm to go skiing or skating. We got close to an inch of r…

Really, any day? It's 65 and sunny in Houston today, it's 16 and snowing in Ottawa.

It's 12F (-11C) and snowing here in North Finland but the children are still in the playground at school.

Re: Canada forgot to plan for its future by leaning on oil and the loonie

#137
post #121
post #90

Earlier quoted context omitted.

"Quebec's largest mistake was, of course, Bill 101" ... I thought it was the almost won referendum that drove this exile, not Bill 101. My impression is that if you lowered the income tax in Quebec (much higher then Ontario), most probably more professionals would be willing to work there, english or french or any other language. I agree with your statement of "Quebec being full of people who believe that the economy…

I moved to Montreal from Toronto because of the great urban environment which I found (and still believe to be) superior to Toronto. The rents were cheap and salaries were lower, which made me believe running a startup there would be much easier. From the outside I wondered why everyone from Toronto wasn't moving there to build companies. But after a year living there I left - 100% due to the hostility to strictly En…

Out of curiosity, when did you move away from Montréal? I would have agreed with you a few years ago, but things seem to have improved for anglophones as of late.

Re: Canada forgot to plan for its future by leaning on oil and the loonie

#138

Earlier quoted context omitted.

As a non-Canadian software developer in Canada the brain-drain to the US via TN visas is strong. Most talented devs I have met in Canada are Americans that have left the US because of politics etc.

As a recent University of Waterloo grad, this has been my experience as well. I tried interviewing in Toronto/Vancouver for a while but have since given up in the Canadian job market. Not a single company I interviewed with was willing to even come close to US salaries. Everyone I know from school who's any good at all has already left for SF/Seattle/NYC and I'll probably be joining them soon. I'm not sure how these…

I myself moved to the Netherlands from Canada and now hire people at salaries greater than my own at our branch in the US.

I myself have no motivation to move to the USA. The increase in salary would be accompanied by a personal (stress on the personal aspect) loss in quality of life. Overall motivations for me staying in the Netherlands are cultural (the mindsets of Europeans are far closer to my own), environmental (sane cycling routes, pedestrian accessible city centers, high quality public transport), and ease of travel to a variety of interesting holiday locations. The difference between Canada and the US is not even close to the difference between Canada and the Netherlands, so you can infer my willingness to move home to small town Nova Scotia. If you cannot compete on salaries you have to compete on something else but what is that going to be? Universal health care and high quality public education are not unique to Canada and probably not the highest interest of people we are considering.

Re: Canada forgot to plan for its future by leaning on oil and the loonie

#139
post #121

Earlier quoted context omitted.

I moved to Montreal from Toronto because of the great urban environment which I found (and still believe to be) superior to Toronto. The rents were cheap and salaries were lower, which made me believe running a startup there would be much easier. From the outside I wondered why everyone from Toronto wasn't moving there to build companies. But after a year living there I left - 100% due to the hostility to strictly En…

Out of curiosity, when did you move away from Montréal? I would have agreed with you a few years ago, but things seem to have improved for anglophones as of late.

It was in 2010-2011.

I'm curious what changed?

Re: Canada forgot to plan for its future by leaning on oil and the loonie

#140
post #121
post #90

Earlier quoted context omitted.

"Quebec's largest mistake was, of course, Bill 101" ... I thought it was the almost won referendum that drove this exile, not Bill 101. My impression is that if you lowered the income tax in Quebec (much higher then Ontario), most probably more professionals would be willing to work there, english or french or any other language. I agree with your statement of "Quebec being full of people who believe that the economy…

I moved to Montreal from Toronto because of the great urban environment which I found (and still believe to be) superior to Toronto. The rents were cheap and salaries were lower, which made me believe running a startup there would be much easier. From the outside I wondered why everyone from Toronto wasn't moving there to build companies. But after a year living there I left - 100% due to the hostility to strictly En…

I've never worked in Montreal, I'm from Northern Quebec, but I got to do university in Ontario and worked ever since in Ottawa. I got a job offer for a job in Toronto, and I really like the people and how being French-Canadian didn't seem like a barrier at all. Finally I declined for various reasons.

I always thought Quebec's problem were with the it's socialist approach and how taxed Quebecers are, thus professionals flocked away, but your experience has made me realize a different reality. I guess we aren't as welcoming if you're not french ... ?

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