Today's discussion:

Why critical minerals are key to Canada’s global influence

Canadian foreign policy has been lacklustre of late. One area where we are still looked upon to lead—and retain some ability to do so—is in natural resources. Coming up with solutions to the problem of critical minerals supply that leverages the collective experience of our mining and investment community is an obvious place for Canada to contribute.

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Al Raftis

We have no leadership at the Federal level. Mr. Trudeau sees himself as the moral leader to save the oppressed from the oppressors (which include big resource companies). Governments and corporations must negotiate good economic deals with those Indigenous people who have ownership rights.

12th February 2024 at 7:35 am
Kim Morton

For far too long, we have let the elite and academics run our country. This is why our standard of living is dropping like a fishing weight. They have deliberately shut down resource industries and baked on the “knowledge” economy to float the country, with predictable results. We need the high paying blue collar jobs that come with resource extraction and processing for the masses to keep up with government pay cheques and benefits and the ever increasing costs of expanding government.

12th February 2024 at 12:08 pm
Singapore vs Canada

After reading the article, it is obvious that the author is a strong defender of Con economic ideas. He doesn’t mention any environmental protections which are in place in Singapore and it seems this is the path he advises Canada to follow. Free reign for industry. He talks about user pay, one of the cornerstones of Con ideology. Social programs are to be kept to a minimum, if at all. This is a Canada where the wealthy become more wealthy and to hell with others. He advocates, like all Con, strong individualism.
One of the causes for the split in our culture is that the disparity between the rich and the poor is growing. When a CEO makes 264 times the salary of an average worker, or to put it more vividly, a CEO earns in one day what the average worker earns in a year. As long as this continues, Poilievre can harp as much as he likes about affordability but nothing changes. He will not do anything to interfere with the free market and what CEOs are making. This would go against all Con ideas and his beliefs. He will remove regulations. He will cut so called red tape. He will make changes to environmental regulations. He will become the gate keeper and after 8 years of his government, or 4 if we are lucky, Canadians will see that he is worse than Harper ever was.

12th February 2024 at 8:51 am
Kim Morton

Typical comment from a liberal flack. No facts, just incorrect talking points. I am a blue collar worker, as are most of the people I know. We make around $ 100 grand a year. Find us 10 Canadian CEOs of non government agencies that make $100 000 a day. Only athletes and rock stars make that kind of money.

12th February 2024 at 12:01 pm
-anon

“..governments should prepare to apply the one thing they have that the market currently lacks: a source of patient capital.”

They may not have a choice.

The regulators have been asleep at the wheel for over a decade as Bay Street and Howe Street completely destroyed Canadian retail investors who traditionally funded so many small exploration companies. Meanwhile our large financial institutions became infected by the same mind virus that negatively impacts the rest of our institutions and they won’t fund anything that seems challenging to the “E” part of ESG.

As an example, CPP Investments has over $1.1B invested in Tencent, a Chinese tech company – but nothing invested in Canadian mining.

Future governments may have little choice but to directly fund and assist the mining sector but I suspect that by the time they get to it, it will be too little, and too late.

Like many issues these days we have to circle back to the media…because the complete collapse of the legacy media has resulted in a woefully uninformed electorate who has absolutely no clue that everything around them – EVERYTHING – came from the ground.

12th February 2024 at 11:06 pm
Lauraine

Our natural resources should all be nationalized, with shares offered to every Canadian, with the view of having them processed on our land, then sold to the highest biders.

12th February 2024 at 3:34 pm
Gordon Divitt

If I recall correctly the strategy of broadly distributing nationalized company shares is how Russia created the oligarchs. If several million people each own a tiny amount of equity then no one is capable of controlling a company and leads inevitably to these assets being accumulated by someone with money and foresight

12th February 2024 at 4:27 pm
D Cox

Sean, wonderful piece on neo-liberalism and its post-neoliberalism champions and critics. Capitalism and free-markets are akin to what Churchill lamented about liberal democracy……they are not perfect but I will take them over the other options. I believe the Parliamentary Budget Officer reported that 25% of federal departments/agencies are not meeting these reporting obligations to Parliament and Canadians. Government needs to leverage its data collection authorities, aggregate data and report on simple indicators, not sound bites and hyperbole, to inform public policy and the benefits or shortcoming of ideologies like neo-liberalism, post-neoliberalism, socialism etc. Great work

12th February 2024 at 1:31 pm
The Hub Staff

Thank you for participating in Hub Forum. To see more from Heather Exner-Pirot, check out her piece on oilsands: https://thehub.ca/2023-10-24/heather-exner-pirot-why-the-oilsands-weaknesses-are-turning-into-strengths/

12th February 2024 at 6:44 pm
Xiaoming Guo

The article does not talk about the Canadian economy. It is talking about geopolitics. It views our resource not for Canadian national interest, but for the interest of the US hegemony. When our stand is on geopolitics, it is a government expense, not a business feasibility issue. We have observed this for a long time. Our government pouring huge money into EV and EV material investment, despite the huge government debt and the result of the debt: inflation. We sacrifice our living standards for the US hegemony. Will it work? Our government is injecting money into foreign companies, and the foreign countries are our allies. The Cold War mentality is killing our economy. Foreign companies are for profits. Our government shoulders the cost and foreign companies harvest the profits. Our government takes the risk and foreign companies task the profit. This industrialized the Canadian economy and turned Canada into a staple economy.

12th February 2024 at 11:07 am
Kim Morton

That is the government OntariOWE and Quebec voted for. Western Canada did not vote for these bad investments.

12th February 2024 at 12:03 pm