this post was submitted on 06 Apr 2025
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Exactly. Canada isn't some third world country who's ability is capped at only selling the most basic of commodities at low prices.
We're not only in the top 10% most educated, skilled, and industrialized nations of the world, but also our financial power means that it's impossible to compete solely on resource if third world competitors get their shit together.
Hell, we're at the point that industrial production is only barely profitable due to the education level and power of our currency. Canada needs to keep pushing the upper side of profitable markets, which is the service industry, as we become less and less competitive in the raw commodities market year by year.
Not to mention that there's a high chance that we've already hit peak oil, so that entire sector is going to dwindle over the next few decades. And even if it hasn't, all the pushes towards non-carbon based energy means that fewer and fewer sectors are reliant on oil every year, making peak an inevitability.