On Monday, Toyota said it will build a new US$3.6B plant in San Antonio, Texas, and move some production of its Tacoma pickup truck out of its Mexico plant over a four-year period.
Which means nobody’s going to be replacing these businesses. We’re talking about hundreds of thousands of jobs that will be lost with no replacement.
Sort of. Over the long run, it should be replaced with more domestic-focused businesses, or maybe even overseas-focused. Of course, that’s not as easy as flipping a switch, everything has to be re-organised. Who knows how quickly it can happen.
The government is trying to help out a bit, with all the project subsidies and military spending.
Unfortunately due to the trade barriers we have between provinces it’s unlikely that it would be replaced by local consumption. In fact even if there were no trade barriers in Canada it would be tough but the way things are there’s no chance.
This was something carney talked about during the election and promised he would work on, he held one meeting with the provinces to see about coming to an agreement and then he just abandoned it. If he had spent as much time working with the provinces as he has with other countries we would probably be further ahead
The government has done nothing to move projects forward unfortunately. The closest that come is this supposed pipeline project but they’re now talking about using government money which completely defeats the purpose. We can’t borrow enough money to support an economy, sooner or later that leads to a collapse
Unless something radically changes in the near future as far as our direction we will face severe economic hardship and it will be extremely difficult to recover. We are not building maybe bill as he promised, we have not eliminated into provincial trade is he suggested, and our businesses are fleeing to the states along with our investment, I think we’re into our 6th street quarter of business investment loss in Canada having already completed five? That predates Trump and we can’t be losing business investment like that
We’re in real trouble. It’s not short-term trouble our infrastructure for providing economic growth is eroding at an enormous rate and it is insanely hard to replace that once it’s gone
Sort of. Over the long run, it should be replaced with more domestic-focused businesses, or maybe even overseas-focused. Of course, that’s not as easy as flipping a switch, everything has to be re-organised. Who knows how quickly it can happen.
The government is trying to help out a bit, with all the project subsidies and military spending.
Unfortunately due to the trade barriers we have between provinces it’s unlikely that it would be replaced by local consumption. In fact even if there were no trade barriers in Canada it would be tough but the way things are there’s no chance.
This was something carney talked about during the election and promised he would work on, he held one meeting with the provinces to see about coming to an agreement and then he just abandoned it. If he had spent as much time working with the provinces as he has with other countries we would probably be further ahead
The government has done nothing to move projects forward unfortunately. The closest that come is this supposed pipeline project but they’re now talking about using government money which completely defeats the purpose. We can’t borrow enough money to support an economy, sooner or later that leads to a collapse
Unless something radically changes in the near future as far as our direction we will face severe economic hardship and it will be extremely difficult to recover. We are not building maybe bill as he promised, we have not eliminated into provincial trade is he suggested, and our businesses are fleeing to the states along with our investment, I think we’re into our 6th street quarter of business investment loss in Canada having already completed five? That predates Trump and we can’t be losing business investment like that
We’re in real trouble. It’s not short-term trouble our infrastructure for providing economic growth is eroding at an enormous rate and it is insanely hard to replace that once it’s gone