Our petro-loonie

by Graham H. Cox last modified 2012-04-19T12:15:17-04:00
Canada's currency is pegged to the price of oil. Time to follow Argentina's direction? Too bad the idea of nationalization does not even exist in our political debates. The current set-up means that the Canadian population is not getting the full benefit from the natural resources in Canada, large multinational companies are getting rich off our resources, and Canadian workers are being hurt by the high dollar when oil prices go up. Lose-lose-lose for working people in Canada.
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