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I doubt it's self sustaining, the maritime provinces are very poor with high unemployment and have been that way since the fisheries industry collapsed. PEI is
by vivekd 10y ago
I doubt it's self sustaining, the maritime provinces are very poor with high unemployment and have been that way since the fisheries industry collapsed. PEI is a little more self-sustaining because they have things like potato farming but their unemployment rate is on the higher end of the Canadian spectrum and PEI is one of the biggest beneficiaries of equalization from the rest of Canada.
In short, they're not going to be paying for this out of pocket, the other provinces are going to be footing the bill for their experiment in a time when other provinces are tightening their belts.
- otoburb 10y agoI agree with your comment, except for the part about PEI being one of the biggest equalization beneficiaries: Yukon, the Northwest Territories & Nunavut received $24K, $29K & $41K per capita[1], respectively, in equalization payments last year, almost 10x PEI's per capita payment. [1] https://www.fin.gc.ca/fedprov/mtp-eng.asp https://www.fin.gc.ca/fedprov/mtp-eng.asp
- deleted 10y ago[deleted]