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New Canada P.M. Wants to Cut Canada's Trade Balance
Campaign promises often fall by the wayside once politicians make it to office, but not for Canadian Prime Minister Justin Trudeau. Less than a month after his election, Canada's head of state has put his pledge to ban oil tanker traffic into motion.In a letter published Friday, Trudeau asked his Minister of Transportation to "formalize a moratorium on crude oil tanker traffic on British Columbia's North Coast," the Calgary Herald reports. Such a ban could potentially shut down the controversial Northern Gateway pipeline, in which crude oil from Alberta would be piped up to north to British Columbia and then shipped overseas. A coalition of environmental groups and aboriginal advocates Canada, by a small margin, has a positive trade balance. But of the $438B in exports, $111.7B of it is petroleum based. That's one quarter of the entire economy on the export front. Looks like Canada is trying to commit economic suicide. Posted by: Deacon Blues 2015-11-16 |
| http://www.rantburg.com/poparticle.php?ID=435665 |