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> We settle for "good enough" The main problem is investment. You just don't have the investment capital in Canada that you can get in the U.S. I'm not just
by frandroid 9y ago
> We settle for "good enough"
The main problem is investment. You just don't have the investment capital in Canada that you can get in the U.S. I'm not just talking tech, but throughout the economy. Lots of successful Canadian SMEs get bought out by Americans because there's no one here who has the balls to invest in them. In many cases, their (head) offices are moved to the U.S., further reducing the economic impact they had here and making the U.S. economy stronger. Canada is a perpetual SME incubator feeding the U.S. economy.
- linkregister 9y agoThere are numerous counterexamples throughout the Canadian economy: banking, oil & gas, mining, agriculture, etc. Software investment is probably the only sector that is undercapitalized in Canada.
- jamiek88 9y agoWell you've basically stated those industries that are specifically and geographically tied to Canada. Of course commodities and the financial system to support them as well as local consumer banking have that funding. All nations do. It is the 'soft' economy outside of that where the differences lie.
- linkregister 9y agoThere are at least 50 nations that receive most of their financing from foreign sources.
- frandroid 9y ago> Banking You know something funny I've learned recently? The top three owners of the 4 largest Canadian banks are... Each other. > Mining That's a really good counterexample. As for oil, how much of it is really Canadian-owned and developed, though?