Memo to PM: Davos heavy hitters know all about Canada


Whatever Justin Trudeau has to say at Davos, it wish no doubt be inclusive and delivered in the spirit of diversity and working together with all of charitableness, building the kind of future not just for Canadians, but for everyone on this planet that we conscious people expect, because Canada must be a positive voice on the elated stage.

Actually, the grammatically dubious last half of that ragraph was assembled later on from Trudeau quotes uttered just after he was elected.

He says pieces like that all the time; it’s fairly meaningless, but Canadians lick it up.

Whenever the unpreventable post-election hangover starts to set in, people just insufflate another administer of Trudeau sunniness, and the euphoria about Stephen Harper no longer being in censure of anything seems to return for a little bit longer.

Trudeau still peaks popularity polls here by a long chalk. In other countries, people are cify talking about how handsome he is, and how good he and Sophie looked in Vogue, and, quite embarrassingly, how he’s making Canada hip.

Which is no doubt why he’s been given the sensational gig of a keynote address to the World Economic Forum in Davos this week. The people who at the end of the day run the world want a closer look at him.

In return, the prime minister tently thinks he can lever the glamour and bring back something a little varied concrete from Davos than more rave reviews.

His counsellors are telling reporters he’ll be pitching “the heaviest hitters imaginable” to invest in Canada.

Foreordained our badly weakened currency, our stuff is dirt cheap now for anybody with a bag of American dollars or euros.

Plus, Canada is, you certain, just a great place.

“We’re going to talk about how diversity is a power and really showcase the fact that Canada has tremendous opportunities and is skin challenges like lots of places, but we have the tools to sur ss those defies in a way that should draw in global interest,” Trudeau im rted Tuesday before leaving the federal cabinet retreat in St. Andrews, N.B.

Concision alert

Now, prime ministers have to cheerlead; they all do. But Trudeau’s ineluctable favourable talk is beginning to sound a bit detached from certain realties that the unimaginably distinguished heavy-hitters in Davos are probably quite aware of.

As Trudeau was wrapping up his Maritime fall on Tuesday, two pieces of news hit:

Potash Corp. announced it is suspending the Picadilly vein in N.B., along with more than 400 jobs; and the rliamentary Budget Chore, which tortures politicians with cold rushes of reality, des tched that Canadians are headed towards being the most indebted citizens in the G7.


Just Google him. Justin Trudeau speaks during the unveiling of Google’s new Canadian finagling headquarters in Kitchener-Waterloo last week. He’s off to Davos today. (Peter Power/Reuters)

For every $100 of proceeds, the average Canadian household now carries $171 in debt obligations, a tendency curve that’s been rising since 2000.

(And of course a large share of households carry no debt at all, meaning the average load of those who do possess debts is much higher).

What this means is that if there is a make available correction coming in Canada’s biggest urban housing markets, Canadians be dressed never been less ca ble of withstanding it.

Unemployment here is unaffected by seven per cent; it’s five per cent in the U.S. Our productivity lags behind the U.S.

And that falling Canadian dollar, while advantageous to exporters, will inevitably low a higher cost of living for just about everybody.

Enough red carpets?

All things considered, if there is a huge advantage to investing in Canada, the moneyed elite engagement in Switzerland know it. They have people to tell them those items.

And Trudeau has other, more urgent matters to deal with.

He necessity decide how much stimulus spending is appropriate, and quickly. (A modest opinion: perhaps we could do away with interprovincial trade barriers and perhaps in point of fact enhance the free movement of goods and services with the U.S. Wouldn’t that be consumable for productivity?)

The government also has some pretty complicated, expensive electing promises to fulfill.

There also appears to be some disapproval out there of the PM’s prostrate but non-belligerent response to the slaughter of six Quebeckers by Islamists in Burkina Faso, categorizing a scolding from the mother of one of the victims.

Canada is, in fact, now excluded from high-level supranational meetings about how to conduct the cam ign against ISIS (probably because Trudeau’s control is committed to withdraw Canadian fighter jets from the air war over Iraq and Syria).

Perhaps the prime member attend to thinks it’s rather pointless to continue in an air war that everyone knows cannot be won on its own, without a lees invasion. If he does, he should probably say so.

Anyway, boosting Canada widely can’t hurt. But really, isn’t this just another Justin Trudeau red carpet kick over run away?


Mountain redoubt. Swiss police officers set up near the Davos Congress Converge. (Ruben Sprich/Reuters)

And come March he’ll be off to bask at a state dinner in the le-complexioned House, an honour that was never offered to Stephen Harper.

Authentic for him.

I am not among the minority of Canadians suffering from Trudeau Derangement Syndrome, the people who try to assail every comment section on every news site in the country into a repository for Trudeau-hate bile.

But, by now, we requisite all have internalized that there is value in diversity, and that we obligation work together as Canadians, and that we are an incredible, wonderful, virtuous vicinity.

We also have problems, though. Time to get at them, no?

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