Canadian Dollar Dilemma

Canada should be the wealthiest country on earth.  Not so, as evidenced by the slow but steady demise of the Canadian dollar.  As it turns out, without Alberta oil and competent Federal Conservative Government management, Canada would be a Third World Country.

Why the weak dollar?  Canada has two serious problems and is about to add a third anchor to drag it down.

The immediate problem?  The Province of Ontario is hopelessly bankrupt.  The real cost of running it’s aging nuclear power plants can no longer be hidden and consumers are fleeing from soaring electricity bills.  Mothballing the nuclear plants would cost even more than running them.  It’s a Catch 22.  So the dollar has to dive to keep Ontario alive.  But there’s more ...

Bilingualism is an unnecessary money sucking embarrassment that humiliates the entire country.  Quebec jails people for speaking English while the rest of us cannot get Federal Government jobs even if we struggle to learn French.

To add insult to injury, Canadians appear to have tired of good government and now seem determined to elect another Liberal pot smoker as Prime Minister.  We have done it before and we can smell the pot smoke wafting from the White House.

Sorry folks.  Not much hope for our beleaguered Loonie.  There is one tiny ray of sunshine.  Our collapsing dollar is a bonanza for Canadian oil producers.  Alberta finally gets it’s day in the sunshine.