A weaker Canadian dollar poses a threat to imported inputs to Canada's production machine, and to future Canadian investments abroad. But the soaring U.S. dollar isn't the only currency in play. Movements in other currencies are less dramatic. Perhaps this is an opportunity to scan the globe both for inputs to our production process and for direct investment undertakings in less-traditional markets.
We need more startups in Europe, in order to establish new ideas, companies and business models. A glance at the age of the most innovative companies shows: in the USA, 22 per cent of them were founded after 1965, and only 56 per cent before 1925. In Europe, 2 per cent were founded post-1975 and 86 per cent pre-1925.
Consumer debt is Canada is worrisomely high. The housing bubble in Ontario, condo craziness, has forced prices for all real estate upwards, and increased borrowing, with the result that Canadians now have switched places with the Americans as holders of the highest consumer debt.
We've all heard the message time and time again: We need to send more people to colleges and universities, and ensure our country is well-educated. This is great in theory; after all, no one is against apple pie. But the reality is that we can't flip a switch and guarantee everyone has a university degree in 10 years. This isn't necessarily a bad thing.