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Out of curiosity - isn't an economy more diversified (and thus stabilized) by having both manufacturing (which benefits from a low $CAD) and oil (which benefits
by cbowal 11y ago
Out of curiosity - isn't an economy more diversified (and thus stabilized) by having both manufacturing (which benefits from a low $CAD) and oil (which benefits a high $CAD)?
- afarrell 11y agoyep, but without a large pool of internal demand to buffer things, these two work against each other. http://en.wikipedia.org/wiki/Dutch_disease http://en.wikipedia.org/wiki/Dutch_disease
- badloginagain 11y agoDutch disease is exactly what NDP leader Thomas Mulcair called it, and for some reason the Conservatives are trying to spin it as an attack against Mulcair. Personally I find the political spectrum in Canada just baffling.