immigrantscanada.com

Independent topical source of current affairs, opinion and issues, featuring stories making news in Canada from immigrants, newcomers, minorities & ethnic communities' point of view and interests.

Global Commodity Boom and Energy Superpower

: The ever-shrinking value of our dollar is close to setting a new, all-time record, according to Toronto Star. The global commodity boom, from which we once profited so greatly, has gone bust. This was justified. The heady talk about ourselves as an energy superpower is now an embarrassment. Less well-known but as important: our record in productivity gains — that is, essentially, the state of our economic efficiency — and in innovation or the development of new products by new, export-oriented corporations, lags behind many of our competitors. All of this is familiar. (www.immigrantscanada.com). As reported in the news.