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Thread: Canada Slashes Business Levies

  1. #21
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    Re: Canada Slashes Business Levies

    Quote Originally Posted by Lord Tammerlain View Post
    Taxes are higher in Canada then the US, the US is drilling for a lot of oil in Montana, the Dakota's and in the North East for natural gas. Doctors in Canada are limited in what they can earn due to universal health care. I doubt Obama care is going to cause doctors earn more in Canada then the US. I expect the high Can dollar is the main reason for the return of doctors to Canada
    Doctors don't tend to uproot their practices and families because of currency fluctuations.

  2. #22
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    Re: Canada Slashes Business Levies

    Quote Originally Posted by Lord Tammerlain View Post
    Canada has held up well because raw material prices have held up well.

    This is not due to being next to the US, but due to the demand for the raw materials in China, India and some other developing nations. Manufacturing in Ontario and Quebec have been devastated
    Not really.

    Canadian Unemployment

    Canada has very generous unemployment benefits and I know that there are jobs around for those who want them.

    But certainly Canada relies a great deal on raw materials and are thus dependent somewhat on the economies of other nations. But some of these natural resources, such as water and oil, are pretty steady sources of income despite any serious downturns in other economies. And with the broadenng of Canadian exports to the Asian market we have become less dependent on the American economy though it still remains, by far, our greatest trading partner. The reverse is also true.

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