Tag: Canada

Canada’s Robust Resource Sector: A Double-Edged Sword

Canada’s economy is heavily reliant on its natural resources, particularly energy and minerals. While this provides a significant buffer against global economic downturns, it also exposes the country to price volatility. High commodity prices in recent years have boosted growth, but a sudden drop could trigger a sharp economic contraction. Furthermore, the global push towards green energy presents both opportunities and challenges. Canada’s abundant hydropower and potential in renewable energy sources are promising, but a swift transition away from fossil fuels could lead to job losses in the traditional energy sector, necessitating effective