SoVote

Decentralized Democracy

House Hansard - 307

44th Parl. 1st Sess.
May 2, 2024 10:00AM
Context: House Hansard - 307 - May/2/24
Mr. Jean-Denis Garon (Mirabel, BQ)
  • May/2/24 4:47:14 p.m.
  • Watch
Madam Speaker, in the late 1990s and early 2000s, Canada exported so much oil and gas that the value of the Canadian dollar rose. Canada's manufacturing heartland in Quebec and Ontario was decimated as a result. Tens of thousands of jobs were lost. This has been documented by leading economists here at the University of Ottawa and elsewhere. When Canada exports too much oil, it kills the manufacturing industry in Quebec and Ontario. This is called Dutch disease, and it is taught in economics 101. My colleague expressed nostalgia for the days when oil exports killed manufacturing jobs in Quebec. Would he like to say that again so Quebeckers can hear him? I am not sure I understood correctly.
120 words
  • Hear!
  • Rabble!
  • star_border