In 2006, Canada's economic performance was so outstanding the Economist wrote of Canada as an economic "superstar" and "the only country running current-account and budget surpluses." In 2012, the OECD forecast Canada's economic growth would lead the G7 over the next 50 years.

Today writes Philip Cross, appointed Statscan Chief Economic Analyst in 2008, Canada's financial sector has toppled and is known for being "an ATM and safe deposit box for money laundering.

The OECD last year downgraded Canada's prospects for economic growth through 2060 to dead last out of 38 nations. Most damaging to Canada's economy "are the obstacles governments have deployed to hamper our energy industry." In 2022 Justin Trudeau claimed there is "no business case" to support LNG exports to Europe (which the Europeans desperately wanted from Canada). "American firms though have signed no fewer than 57supply agreements for Europe for 73 million metric tons of LNG annually" according to the Wall Street Journal.

Guest: Professor Eric Kam. Macroeconomics. Toronto Metropolitan University.

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