RE:RE:What is it that…Hello and Happy New Years FT Longs!
First off, hope everyone is staying safe. Lots of virus swirling around out there.
Red, lets' take a crack at answering your question. I would say that some of the more significant differences between most countries in the EU and Canada go as follows.
1. Substantial lack of natural resources and so there is no quandry on how to develop your assets when you don't have them. For EU countries the emergency is figuring out how to source and fast. No urgency for Canada
2. Significant geo-political tensions. In my opinion, it would be foolish as an EU country not to think about the provision of basic supplies for your people including fuel, raw materials, and food sources, when you have a rather large neighbor who is constantly threatening invasion, and withholding of natural resources. Thankfully, we don't have that problem - yet
3. Our government lacks the will and capacity to tackle complex issues both here and abroad. Why you may ask? I would again offer up that there is simply not a Raison d'etre or justification for critical action. So when you have an inept government like we do - sometimes inaction is your best way forward. Sad but most likely some truth to that.
So with a lack of visionaries, forward, thinkers, or just pragmatic folks leading our country - our resources stay in the ground and investors head to other countries that aren't tied up with civil war, red tape, and political tensions. Still lots of places to do business.
Anyways, just an opinion but hopefully for us longs at FT that tune changes soon.
Stay safe,
Yellowknifer