Canada's Trade War Headache: 5 Ideas to Build a Healthier Economy
The Canadian economy is struggling due to the ongoing trade war with the US. To build a healthier economy, The Globe and Mail suggests five ideas. First, Canada must overcome the backlash against AI data centres by requiring owners to provide their own power or finance equivalent new supply and grid capacity.
Second, Ottawa should remove the risk for investors in Alberta's pipeline project by taking an equity stake in the pipeline or a share of the toll.
Third, Canada should treat physical AI and additive manufacturing as core components of its industrial strategy to produce more goods domestically. This includes accelerating the deployment of AI-enabled factory platforms and investing in 3-D printing capabilities and skills.
Fourth, Ottawa's $6-billion subsidies for skilled trades should be expanded to include early-childhood educators, who are predominantly women.
Fifth, Canada can make money from soccer by ending lawsuits and collaborating on projects like academies, broadcasting, and funding proposals. This could create an entire economic ecosystem across the country.