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Canadian Investing / Canada (General)
|Subject: Re: Quebec separatist party wins provincial elec||Date: 9/5/2012 12:42 PM|
|Author: tim443||Number: 63005 of 63721|
the amazing thing about those numbers is not Quebec's $7 billion, it is that Ontario is also a have-not province, and gets $3 billion support from the rich provinces like Newfoundland (!!) and Saskatchewan and Alberta and BC. And it should be pointed out that $7 billion, for a population of 7 million people, is $1000 a head, not exactly an irresistible dependancy on welfare when you consider that per capita GDP is about $40,000 in Quebec ($71,000 in Alberta!). The major reason to stay in Canada is because it is a good country, not because of equalization payments that bump up our GDP by 2 or 3 percent.
Touche, while I left out the per capita bit you left out that while Quebec has been an almost perpetual recipient Ontario became a "have not" for the first time very recently, ironically at the same time as Newfoundland became a "have" province for the first time since joining.
but he gets grudging credit for concentrating on the economy and international trade
I wonder if they will agree when he offers up the dairy supply management in order to get into the TPP?
So far, Canadian concerns about the TPP have focused on Canada’s supply management system, which restricts imports and sets prices on certain farm goods such as dairy and poultry. The TPP would likely require Canada to abolish the system, a move that some say could lower prices for consumers and spur agri-business growth, and that others say would hurt farmers and consumers. Critics say eliminating supply management hasn't lowered prices for consumers in other countries.
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