A recent Financial Post article highlights the good news for Canada which has been fiscally responsible for years by attacking its national deficit and thereby seeing a number of budget surpluses year after year. Coupled with a strong resource sector the Canadian economy has seen steady growth across the board largely in part to oil and gas developments in Western Canada.
As Eric Katz points out, “Canada has the second largest proven oil reserves in the world after Saudi Arabia. It is the most politically stable of all oil producres in the world and sits right next tothe United States which is the world’s biggest consumer of energy.”
‘It is clear from this that Canada will continue to profit from its geographical and geological advantages for some time to come. As a result of this energy boom, there is a correlating job boom that is centred around Alberta and to a large extent British Columbia and Saskatchewan where new natural gas reserves have been discovered’, Katz said.
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