QUESTION: What do you consider Trump’s proposal that Canada turn into the 51st State?
Rob
ANSWER: If we’re speaking about economics, then sure, it will be higher for Canada to merge with the USA for its personal profit. The provinces in Canada have commerce boundaries amongst one another. That will be unlawful beneath US regulation, and Canada’s financial system can be a lot better off. As well as, the mortgage market would change in a single day. The place Canadians can not get long-term mortgages, then they may, and they’d be cheaper. Nevertheless, I might not see Canada because the 51st state, I might see every province as a state retaining their cultural variations. They’d additionally profit from a unified forex with the US greenback. Canada’s financial system would increase for now, and so they might promote in all places with out commerce restrictions. This could be like creating the euro. There can be no FX dangers.
Our laptop initiatives that the one home windows of alternative for such a merger are 2026 and 2028. Traditionally, this isn’t some loopy concept of Trump’s. The thought of merging the US with Canada has been round because the American Revolution. If we take a look at the Articles of Confederation again in 1777, there was even pre-approval for the admission of the Province of Quebec (beforehand referred to as Decrease Canada) to america as they have been anti-British.
