Diane Francis: Canada is on an economic road to nowhere

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Diane Francis: Canada is on an economic road to nowhere
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The Liberals spent five years pandering to environmental, regional or anti-capitalist interests. Now in a minority position, the situation will worsen

Who’s going to look after Canada’s economic wellbeing for the next five years? Canada slips and there’s nobody to catch it, not Parliament or other levels of government. The Liberals spent five years variously pandering to environmental, regional or anti-capitalist interests. Now in a minority position, the situation will worsen.

Deficits were supposed to disappear but have soared. Jobs and unemployment calculations are suspect and include so-called “part time” and “self-employed jobs.” For instance, before the Oct. 21 election Ottawa claimed that job gains hit 81,000 in August, then another 54,000 in September. Then suddenly, post-election, gains turned into losses of 1,800 in October and 71,000 in November, the biggest decline since the financial meltdown in 2008.

And how long does it take to obtain a permit to build needed infrastructure? Ask Kinder Morgan and hundreds of other corporations who have left because impediments turned into all-out obstructions. Other job-killers include anti-resource development laws ; the NGO and the federal government war against fossil fuels and mining; and interventionist labour laws, red tape, and excessive “green” energy regulations. Last year, the country’s biggest export sectors were slammed. General Motors shuttered operations in Oshawa, forestry laid off thousands, and Alberta lost thousands of oil-related jobs.

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