Has Canada Become a Jamaican Bobsled Team?

> Everybody talks about the American debt issue, but Canadian households bear more debt relative to their income than any other G7 country. The average Canadian now spends 15% of their income on debt servicing.

> This is a stark shift from 2008 when Canada emerged from the global financial crisis with a healthier balance sheet than any other G7 nation.

Not at all, as two different things are being discussed.

The author is conflating consumer balance sheets with government ones.

I can't easily find a 2008 number, but in 2010, Canada was the highest in the G7 as well.

https://www.bbc.com/news/world-us-canada-65688460

Not at all a new statistic.

> Canada’s resource industries have been vilified and regulated out of operation

This is an outright lie.

Canada has never produced more oil than we do now.

https://www.statista.com/statistics/265182/oil-production-in...

Canada has near record production of potash.

https://natural-resources.canada.ca/minerals-mining/mining-d...

Canada has near record output of gold.

https://natural-resources.canada.ca/minerals-mining/mining-d...