Money is flooding out of Canada at the fastest pace in the developed world as the nation’s decade-long oil boom comes to an end and little else looks ready to take the industry’s place as an economic driver.

Canada’s basic balance — a measure of national accounts that spans everything from trade

Sourced through Scoop.it from: boereport.com

Indeed the flood is depressing… but hardly a surprise. Our economic resiliency index , noted corporate investment activity – along with jobs and GDP, as a key indicator of the province’s resilience, and that is proving to be overly dependent on carbon for energy, i.e., the price of oil, that is not showing much bounce.

The economic resiliency barometer measured 2.31: 5.00 in September, but was designed for long-term forecasting. I suspect the index is continuing to fall as the province’s GDP flattens, industry sobers, i.e. projects are mothballed and job layoffs, and governments transition, i.e. the public appeals to leftist  governments to “do something different!”

By all accounts, the winds of change continue to blow cold, with the only hot air, superficial gestures – tax $ for job creation tossed to the wind. $ are of no use, when demand has dwindled. Lessons abound on what works to counter deflation and the role of government – again see attached.

Our October study – not public, indicated that there IS demand but that it is in health services, cleantech, transportation, agriculture and alternative energies. Observers cited the lack of leadership and vision – government and industry, as the primary impediment.

The Rx warrants: 1. more offense and less defense, 2. tapping privatization and deregulation, 3. foresight in applied R&D, 4.  incentives for community enterprise, and 5. overall – leadership with a vision.


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