Canada: Economics

Infrastructure of Canada: Economics

•   Urgent infrastructure planning is demanded by current policies, requiring visionary MPs.

•   The economy's foundation rests on infrastructure, driving technological progress, which fuels economic growth.

•   Short- To long-term goals include the Technology Corridor plan, high-speed rail infrastructure, positioning Canada as a tech hub, and fostering economic recovery.

•   Tax breaks are provided alongside compensations like increased carbon tax and property taxes, which present an unsound strategy.

•   - Short-term recovery should focus on relieving the carbon tax burden on the people.

•   Developing infrastructure and technology corridors is crucial for Canada's economic growth over the next 30-40 years.

•   Initiating infrastructure will alleviate pressure on the Greater Toronto Area (GTA) within a few years and contribute to redistributing the population.

•   Rail infrastructure is likened to a chicken-and-egg problem, yet historically, initiatives like the cross-Canada railway have transformed the economy.

•   High-speed rail (HSR) could have alleviated current overcrowding in the GTA, enabling convenient access from areas like Kingston within an hour.