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by noarchy
4998 days ago
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Canadian here. My country is listed higher than the US in both lists, but I have to laugh out loud at that. Canada is swimming in protectionist laws that choke off competition in some vital sectors, like telecom. Even Amazon got crap for wanting to open warehouses here, because it was considered too "threatening" (as in, people might shop there) to the protected, Canadian companies. Canadians routinely cross the border to shop in US towns that are close to the border, because we don't get gouged as much there, and the choices are far better than we get here. |
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Also the USA has cheaper shopping compared to most of the world. Few places are cheaper, especially for goods that are not food, clothing or similar.
Canada is primarily a resource economy. Minerals, oil & banks take up a majority of of the TSX's value. Symptoms of Dutch Disease are prevalent inside canada itself.