Last week, I said some nice things about Quebec. The province’s turnaround is one of the most positive macroeconomic developments in Canada in recent years, partially offsetting the blow from Alberta’s recent struggles.
Take a second to think where we’d be if Quebec hadn’t gotten it together. Canada’s short-term fortunes would be in the hands of U.S. President Donald Trump and his trade wars; the twin housing bubbles in Vancouver and Toronto; and the province of Ontario, home to 40 per cent of the country’s population and about 50 per cent of the combined $703 billion in provincial debt. We’d be a cross between Italy and Britain.
Continue reading at the Financial Post ...