Faced with a moribund economy and a more uncertain future, the federal government says Canada will exploit its abundant resource endowment to become a global energy superpower. Ottawa paved the path this week for oil producers to double production with a big pipeline announcement. Billions in government money is on the table.
If that’s the plan to revive the economy, it won’t work. We know this because that’s the strategy which the country has used over the last generation, and it has failed to deliver growth.
