Five Year Economic Update

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By Graeme MEYER on 23 January 2011 - 7:33pm

Regional and demographic economic disparities have grown in five years and an economy that seems rudderless and prone to economic circumstances beyond Canada's control to extent this signifies a maturing economy yet resource-based prairie economy is not the modern knowledge-based value-added type of economy for which sustains longer term growth however it may shore up federal reserves in near term

Chronic unemployment is on the rise and savings levels will not be enough to sustain same quality of life for many Canadians.  Disability levels are climbing and the provincial and federal disability earned income and income supports are woefully inadequate

Mortgage re-financing and equity lines of credit have become popular which is indicative on non-sustainable economy

Personal bankruptcy and high debt levels

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World Economic Forum in Davos

Submitted by ashkan hamzehi on 29 January 2011 - 1:35am.

Canada like every other nation in the world cannot tackle these challenges alone; I have been following the discussions in Davos lately; despite issues that you mentioned, it seems that there is a sense of genuine global cooperation at the same time. The cohesiveness and unity among the world leaders was more noticeable than before, so all of the challenging issues that you mentioned can be addressed in a more collaborative fashion hopefully; the world is more interconnected than ever, and MULTILATERALISM is the way to go.