Altair
Army.ca Veteran
- Reaction score
- 1,070
- Points
- 1,140
Well, I don't expect Carney to grab shipping containers, man a cargo ship and physically deliver exports himself, so setting the conditions for success is kinda what I expect from a PM. PP? I would expect him to be going after universities for wrong think instead of globetrotting to reduce our dependency on the USA.1. Trade deals don't equal guaranteed economic benefit.
Signing agreements with Indonesia or pursuing one with the Philippines is just the first step. Implementation is slow, and many of the promised tariff reductions or investment flows won’t materialize immediately. Simply having a deal on paper doesn’t automatically boost jobs or GDP.
With Indonesia, Canada’s exports are still relatively small, and non tariff barriers remain significant. So the “deal” may create symbolic value more than real economic impact in the short term.
We already have a trade deal with Europe, so we cannot trade deal harder with Europe. The big juicy burger was already done between Harper and Trudeau, so if you want to say Justin Trudeau is a rockstar for signing CETA, who am I to stop you?2. European defense procurement program participation.
Being part of a program doesn’t necessarily mean Canada’s defense industry will win major contracts. Often, smaller participants gain minimal access compared to larger players. Participation is a starting point, not an economic windfall. It's a nothing burger with no name ketchup.
I just thought Carney getting us access to the EU defense procurement market, something even the UK is frozen out of would be a good thing, but sure, lets heep praise on Trudeau.
Trade deficits? Okay, fun question. Canada has no bauxite mines. Key component in aluminium production, of which we are a large producer. We import bauxite from Brazil. So let's say we run a trade deficits with Brazil because of all the bauxite we import. Is this bad? Should we cut back on bauxite imports to shrink the trade deficit with Brazil?3. UK exports surge.
Yes, Canadian exports to the UK have grown, but the UK still runs a trade surplus with Canada. Tariff reductions under agreements like the UK TCA help, but they don’t automatically translate into a balanced or hugely positive trade outcome. Market competition and regulatory hurdles still limit gains.
Nothing burger with mayonnaise.
In practice, we import bauxite and turn it to more valuable aluminium, which is a net benifit to Canada. This is why I frankly....don't give a damn about trade surpluses and trade deficits. We have a trade surplus with the USA, are you going to stand here and say oh my god, look how much better and wealthy Canada is compared to the USA? Get real.
Yet if we were in a recession you and those who don't like the LPC or Carney would never shut up about it.4. Avoiding a recession doesn't mean economic management.
Canada has dodged a recession largely because of global commodity demand and interest rate cycles, not solely because of trade deals or policy brilliance. External factors often have a bigger impact than government interventions.
Not in recession- global factors, interest rates, yada yada yada
In recession- ahhhhhhhh, Carney is destroying the Canadian economy!!!!
Could be much worse.BLAB.
Carney’s trade diplomacy is notable on paper, but the real economic payoff is uncertain, slow to materialize, and highly dependent on Canadian companies ability to capitalize on opportunities. It’s not as clear cut “all good”.
