Trudeau's Cure: Canada to Push Away From Commodities

The video discusses Canada's economic challenges, focusing on its reliance on natural resources and the need for diversification. It highlights the growth of the service sector, despite challenges in oil exports, and advocates for a holistic economic approach. The role of the government in supporting globalization and leveraging Canada's immigrant-rich population is also explored.

What has been a long-standing economic challenge for Canada?

• Over-reliance on manufacturing exports

• Being a net importer of raw goods

• Dependence on natural resources

• Excessive diversification

What sector has the Canadian government focused on to drive economic growth?

• Service sector

• Construction

• Agriculture

• Mining

How does Jack Diamond suggest Canada should approach economic diversification?

• By focusing solely on manufacturing

• By reinforcing industries with overseas potential

• By increasing natural resource exports

• By reducing immigration

What is a key component of Canada's strategy to build international ties?

• Leveraging the immigrant-rich population

• Focusing on local markets

• Reducing immigration

• Increasing tariffs

What change in approach has the Canadian government adopted in recent years?

• Increasing reliance on natural resources

• Emphasizing global connections and immigration

• Focusing on inward-facing policies

• Reducing service sector jobs