Connect with us
[bsa_pro_ad_space id=12]

Business

Canada should already be an economic superpower. Why is Canada not doing better?

Published

11 minute read

From Resource Works

Tej Parikh of the Financial Timess says Canada has the minerals but not the plan

Tej Parikh is the economics editorial writer for The Financial Times, a British daily newspaper. He joins our Stewart Muir for a Power Struggle interview. And we include in the following report some points from a guest column by Parikh in Canada’s National Post, which carried the headline ‘How Canada can unlock its economic superpower potential.’

Parikh begins the Power Struggle interview with this: “There’s an enormous economic potential here, very much the same geographic advantages that have underpinned America’s economic emergence over the last 100 years. . . . Given everything we understand about the advantages that countries need to grow, why is Canada not doing better economically?” He added: “When you break it down and you look at why income per capita in Canada has perhaps not increased as fast as we might expect on the basis of those advantages, it really kind of breaks down to three components. One is investment, so how much capital goes into the country?

The second is labour, and not just the amount, the size of the workforce you have, but how well you utilize the workforce. And then the third component is something that economists like to call a total-factor productivity, which is essentially your innovative ability and your ability to bring together capital and people. “And when you look at Canada as opposed to other large economies . . . you begin to see that actually there are a lot of restrictions in Canada, not just because of its vast geography but because of regulation, that it actually can’t combine its capital and labour as productively as it could.

“It’s about creating those supply chains and critical minerals that the Western world is currently short of. Given it (Canada) has these vast raw material resources, there is a massive scope for it to become even more integrated into Western supply chains in particular and to become a supplier of these things.” From Parikh’s National Post column: “The country is energy independent, with the world’s largest deposits of high-grade uranium and the third-largest proven oil reserves. It is also the fifth-largest producer of natural gas.Canada boasts a huge supply of other commodities too, including the largest potash reserves (used to make fertilizer), over one-third of the world’s certified forests and a fifth of the planet’s surface freshwater. Plus, it has an abundance of cobalt, graphite, lithium and other rare earth elements, which are used in renewable technologies. “But the nation has lacked the visionary leadership and policy framework to capitalize on its advantages.”

Watch the full interview here:

Baçk to Power Struggle: “Investors right now will know that Canada has all of this latent potential, they will know that there are resources there, they will know that there are talented workers in Canada. But (they need) the answers to what barriers there are to business and how they can be reduced, and I think that’s the piece that Canada and its provinces can do a better job on. “That’s the thing that I think Canada would benefit from, showing how it is a kind of a more unified country and showing how that it is a unified marketplace where investors and businesses can develop expansive supply chains.”

In the National Post: “A country with its geography could clearly generate higher output. To do so, the Canadian economy needs to become more efficient, raise investment and attract more high-skilled workers. Here’s how. “Canada places significant bureaucratic burdens on the movement of people and goods too. This includes restrictions on the sale of certain goods across provincial borders, and variations in licences and technical standards that hinder scaling, competition and efficient resource allocation across the country.

“A 2022 study by the Macdonald-Laurier Institute found that Canada’s economy could grow by 4.4 to 7.9 per cent in the long term — up to $200 billion a year — if it eliminated internal trade barriers via mutual recognition policies. Similar reforms in Australia in the 1990s helped to boost productivity there. “Simplifying its complex tax system, expediting planning processes, easing red tape for foreign direct investment and developing economic partnership mechanisms for Indigenous populations, in tandem with internal trade reforms, would help businesses across the industrial supply chain tap into the nation’s vast energy and mineral resources.”

On Power Struggle: “You can be rich in oil and natural gas. But obviously over the last 10, 15 years the global economy has been thinking about alternatives. In Europe and in the UK and in some states in the US, there’s a concerted effort to shift to cleaner energy sources. Canada has vast access to the critical minerals that underpin a lot of renewable energy sources. And then you can go further than that. “This isn’t just about having access to those, you know, old world energy sources. This is access to the type of energy sources that the world is looking for. So Canada is aligned to the renewable transition and I was quite surprised, actually, that in the last 10 to 15 years you haven’t really heard Canada’s name in that. I thought it was about time that Canada plays that up a bit more and the opportunities it has there.”

Tej Parikh continued: “This isn’t about just digging up Canada and exploiting its raw materials. It’s about finding ways in which you can create economic compacts with Indigenous communities, create economic compacts with Indigenous communities. “It’s a way in which you can sustainably mine parts of the country and ensure that, as you are developing underground resources in Canada, you are also developing local economies. Developing an industry means you develop jobs.

“Once you start developing factories and industries in certain areas, then financial services, commercial roles, all of these things build up, and that’s how I think the debate needs to be kind of pushed forward a little bit. “Once you start developing finance around these industries, you can also find ways to make these industries even more sustainable and environmentally friendly.”

“I think there are very clever ways in which Canada and all Canadians can see that actually these natural resources that the country has is actually an asset that everyone has a share in.” Stewart Muir then raised the Donald Trump issue: “Where have you landed on what Trump is all about? I mean, is this a poker game? Is it a chess match? Is it a street fight?”

Tej Parikh: “He likes negotiating and I think, from what we can understand from his tariff policy, he takes things to extremes and then he rows things back and he tries to gain concessions where he can. And I think he will take the same approach on most policy he has. I mean, he sees the world through a transactional lens. It’s ‘what can the other people offer me and how can we do a deal to ensure that I can gain that?’ “And I think in some sense, you know, yes, he is unpredictable, above and beyond that. But I think if you know that that's his framing, then I think it means that you know others just need to adjust to it and be pragmatic in it. And that is essentially what we have seen from the way the Canadian prime minister has been interacting with Donald Trump. You have to be pragmatic if you know what the threat could be.”

Parikh added: “I think the first thing is (Prime Minister Mark Carney) should build on the momentum that he has, the political momentum he has on reducing internal trade barriers in Canada. You then create the groundwork in order to start taking advantage of the mineral resources and the natural resources.” “Once Canadians start to feel that everyone is benefiting from the natural resources in the country and there are avenues to recycle the revenues from those sectors into the country, whether that’s through housing or developing infrastructure, improving public services, you then have this kind of reinforcement effect between the country and its natural resources and its assets and the development of peoples, and I think working on that will kind of provide the groundwork for Canada’s emergence.”

In the National Post: “The Canadian economy is at a crossroads. The belligerence of its main trading partner is driving consensus around boosting the national economy. The world needs what Canada has in abundance. The nation has a unique chance to reach its potential. If it wants to.”

Todayville is a digital media and technology company. We profile unique stories and events in our community. Register and promote your community event for free.

Follow Author

Artificial Intelligence

Lawsuit Claims Google Secretly Used Gemini AI to Scan Private Gmail and Chat Data

Published on

logo

By

Whether the claims are true or not, privacy in Google’s universe has long been less a right than a nostalgic illusion.

When Google flipped a digital switch in October 2025, few users noticed anything unusual.
Gmail loaded as usual, Chat messages zipped across screens, and Meet calls continued without interruption.
Yet, according to a new class action lawsuit, something significant had changed beneath the surface.
We obtained a copy of the lawsuit for you here.
Plaintiffs claim that Google silently activated its artificial intelligence system, Gemini, across its communication platforms, turning private conversations into raw material for machine analysis.
The lawsuit, filed by Thomas Thele and Melo Porter, describes a scenario that reads like a breach of trust.
It accuses Google of enabling Gemini to “access and exploit the entire recorded history of its users’ private communications, including literally every email and attachment sent and received.”
The filing argues that the company’s conduct “violates its users’ reasonable expectations of privacy.”
Until early October, Gemini’s data processing was supposedly available only to those who opted in.
Then, the plaintiffs claim, Google “turned it on for everyone by default,” allowing the system to mine the contents of emails, attachments, and conversations across Gmail, Chat, and Meet.
The complaint points to a particular line in Google’s settings, “When you turn this setting on, you agree,” as misleading, since the feature “had already been switched on.”
This, according to the filing, represents a deliberate misdirection designed to create the illusion of consent where none existed.
There is a certain irony woven through the outrage. For all the noise about privacy, most users long ago accepted the quiet trade that powers Google’s empire.
They search, share, and store their digital lives inside Google’s ecosystem, knowing the company thrives on data.
The lawsuit may sound shocking, but for many, it simply exposes what has been implicit all along: if you live in Google’s world, privacy has already been priced into the convenience.
Thele warns that Gemini’s access could expose “financial information and records, employment information and records, religious affiliations and activities, political affiliations and activities, medical care and records, the identities of his family, friends, and other contacts, social habits and activities, eating habits, shopping habits, exercise habits, [and] the extent to which he is involved in the activities of his children.”
In other words, the system’s reach, if the allegations prove true, could extend into nearly every aspect of a user’s personal life.
The plaintiffs argue that Gemini’s analytical capabilities allow Google to “cross-reference and conduct unlimited analysis toward unmerited, improper, and monetizable insights” about users’ private relationships and behaviors.
The complaint brands the company’s actions as “deceptive and unethical,” claiming Google “surreptitiously turned on this AI tracking ‘feature’ without informing or obtaining the consent of Plaintiffs and Class Members.” Such conduct, it says, is “highly offensive” and “defies social norms.”
The case invokes a formidable set of statutes, including the California Invasion of Privacy Act, the California Computer Data Access and Fraud Act, the Stored Communications Act, and California’s constitutional right to privacy.
Google is yet to comment on the filing.
Reclaim The Net is reader-supported. Consider becoming a paid subscriber.
Continue Reading

Business

Nearly One-Quarter of Consumer-Goods Firms Preparing to Exit Canada, Industry CEO Warns Parliament

Published on

The Opposition with Dan Knight

Dan Knight's avatar Dan Knight

Standing Committee on Industry and Technology hears stark testimony that rising costs and stalled investment are pushing companies out of the Canadian market.

There’s a number that should stop this country cold: twenty-three percent. That is the share of companies in one of Canada’s essential manufacturing and consumer-goods sectors now preparing to withdraw products from the Canadian market or exit entirely within the next two years. And this wasn’t whispered at a business luncheon or buried in a consultancy memo. It was delivered straight to Parliament, at the House of Commons Standing Committee on Industry and Technology, during its study on Canada’s underlying productivity gaps and capital outflow.

Michael Graydon, the CEO of Food, Health & Consumer Products of Canada, didn’t hedge or soften the message. He told MPs, “23% of our members expect to exit products from the Canadian marketplace within the next two years, because the cost of doing business here has just become unsustainable.”

Unsustainable. That’s the word he used. And when the people who actually make things in this country start using that word, you should pay attention. These aren’t fringe players or hypothetical startups. These are firms that supply the goods Canadians buy every single day, and they’re looking at their balance sheets, their regulatory burdens, the delays in getting anything approved or built, and concluding that Canada simply doesn’t work for them anymore.

What makes this more troubling is the timing. Canada’s investment levels have been falling for years, even as the United States and other competitors race ahead. Businesses aren’t reinvesting in machinery or technology at the rate they once did. They’re not modernizing their operations here. They’re putting expansion plans on hold or shifting them to jurisdictions that move faster, cost less and offer clearer rules. That’s not ideology; it’s arithmetic. If it costs more to operate here, if it takes longer to get a permit, and if supply chains back up because ports and rail lines are jammed, investors will choose the place that doesn’t make growth a bureaucratic mountain climb.

Graydon raised another point that ought to concern anyone who cares about domestic production. Canada’s agrifood sector recorded a sixty-billion-dollar trade surplus last year, one of the brightest spots in the national economy, but according to him that potential is being “diluted by fragmented interprovincial trade and logistics bottlenecks.” The ports, the rail corridors, the entire transport network—choke points everywhere. And you can’t build a productive economy on choke points. Companies can’t scale, can’t guarantee delivery, can’t justify the costs. So they leave.

This twenty-three percent figure is the clearest evidence yet that the problem isn’t theoretical. It’s not something for think-tank panels or academic papers. It is happening at the level that matters most: the decision whether to continue doing business in Canada or move operations somewhere more predictable. And once those decisions are made, they’re very hard to reverse. Capital doesn’t boomerang back out of patriotism. It goes where it can earn a return.

For years, Canadian policymakers have talked about productivity as if it were a moral failing of workers or a mystical national characteristic. It’s neither. Productivity comes from investment—real money poured into equipment, technology, training and expansion. When investment stalls, productivity collapses. And when a quarter of firms in a major sector are already planning their exit, you are not looking at a temporary dip. You are looking at a structural rejection of the business environment itself.

The fact that executives are now openly warning Parliament that they cannot afford to stay is a moment of clarity. It is also a test. Either this country becomes a place where people can build things again—quickly, affordably, competitively—or it continues down the path that leads to empty factories, hollowed-out supply chains and consumers who wonder why the shelves look thinner every year.

Twenty-three percent is not just a statistic. It’s the sound of a warning bell ringing at full volume. The only question now is whether anyone in charge hears it.

Subscribe to The Opposition with Dan Knight .

For the full experience, upgrade your subscription.

Continue Reading

Trending

X