RE:Talk on renewables and upgrading the grid systemFederal Budget time closing in.
I'm not an economist, but the trade surplus and strength of the Canadian dollar, to significant degree, depend on oil prices.
If renewables replace fossil fuels around the world, the $C could be affected. Maybe a lower dollar could help with exporting more manufactured goods and provide some balance to the trade surplus. Training for high tech jobs, etc. should then take priority.
The Trans Mountain pipeline and Coastal Gas Link have attracted controversy. But they are involved with exports which in turn affect the $C.
It's easy to take for granted a 73 cent dollar and all of the social services we have grown accustomed to, funded with oil and gas exports.
I received various surplus bonus cheques last year. The money did not fall out of the sky, Oil, gas, potash and grains were the drivers. I hope the causal connection can be made early enough, to plan prudently for the future.
I don't know exactly what the oil rich countries are doing, as their fates are even more dependent with commodity demand. Prudent transitioning to a green economy with a focus on the economic future, has begun.
I hope Canada's budget can begin to address the same themes