What should Canadians do to lessen the impact of a US economic collapse ?

Question

OTTAWA - Prime Minister Stephen Harper is warning Canadians to brace for fiscal belt-tightening as a looming economic collapse in the U.S. threatens to make waves north of the border

http://cnews.canoe.ca/CNEWS/Canada/2007/12/20/4734576-sun.html

Dan

When the whole Katrina thing happened we had the Royal Cdn Navy bring supplies right away -

The line up of fire fighters police and so on that happened over night to help New york out after 9/11 was inspireing to watch

The American government actually had to tell us to stop they had enough of everything now

Answer 1

I believe the best thing canadians can do in general, even if the US economy weren't on the verge of collapse (which it TOTALLY is, all you assholes who think otherwise are braindead) is to stay as far away from corrupt american businesses as possible, worldwide support for companies such as Enron, Microsoft, Haliburton, etc. is what has made it possible for Corporate America to take over the world. If one, just one, industrialized nation were to take a stand and say "NO MORE" it would bring about the end of this corruption, others wouldn't be so afraid to speak out. I think Canada is in a position to do a great thing for the world by specifically speaking out against their brainwashed southern neighbor. And as far as what Americans can do, OPEN YOUR EYES, corporations own your children, your dog, and you house, and they've owned you for YEARS. The time has come to act......

Answer 2

The long-term thing to do is work to diversify Canada's exports. The US has problems because they are a net importer of goods. Canada is a net exporter of goods so is doing very well now, but if you subtract out Canada's exports to the the US, Canada is a net *importer* from nearly everywhere else. If the US does the right thing for itself -- cut back on imports -- that is very much the wrong thing for Canada.

If you want to actually ameliorate the issues in the states, Canadians can do what they already probably do a lot more of with the higher loonie: cross border shopping. American retailers are feeling some pain now, and a good influx of Canadian customers would be welcome.

Answer 3

There is not much that can be done. Canada and the USA are very much tied together economically. An old saying is the US gets a cold, Canada gets pneumonia. It still applies. Canada must depend on the Bank of Canada to keep a tight rein on inflation (or deflation) and Canada must continue in expanding trade with other nations.

Answer 4

If we do have a economic collpase, not likely, the Canadians could be neighborly and send us some care packages of beer and Canadian Bacon. Of course, you guys probably just call it bacon.

Trout, I know ya'll did. And all Americans need to thank our neighbor to the north again for that. Just cracking a joke dude. I don't see an economic collapse in our future. Maybe a slight recession, but no collapse.

Answer 5

Diversify trade. The Canadian economy depends too much upon exports to the United States. Canada needs to cultivate more potential markets for their exports.

Answer 6

They can always hire rhe poor suckers to build a fence to keep them out ......Hey, wouldn't it be funny if we see the Americans jumping the wall on the Mexican border to get well paying jobs? But it sure looks like it. Well, ya get what you vote for.

Answer 7

Oh Dear!...I didn't know this...What will happen in UK?

Help!


But Hey look....US stocks go down......US Rich insiders buy cheap....Stocks go up...the rich get richer...

it happened just before 9/11

Don't be fooled....It's all under control...of Dark Forces

Answer 8

The best thing Canadians can do: stay out of business in the US. There will be no economic collapse. They idea is just plain silly.

Answer 9

close your borders to stop the influx of economic refugees from the USA

Answer 10

If the U.S. suffers an economic collapse, so will the entire industrialized world. Let's just hope it doesn't happen.