Canada’s economy is sound largely because of Free Trade, the Goods and Services tax (GST - essentially a flat tax on everything you buy) and because our banks are far more conservative. All of these policies were enacted by a Conservative government (Mulroney in the 1984-1993), and Canada is currently run by a conservative government (Harper since 2006). The Liberals were against Free Trade and the GST and ran campaigns against both policies, but like the hypocrites they are, after making them highly unpopular policies they managed to win in 1993 running against the GST, yet they still kept both policies in place. Add to that our vast resources with massive oil and natural gas reserves, and it isn’t too tuff to figure it out. We sell more oil to the United States than Saudi Arabia does… We’ve got money.
Yep, and then came Harper and he lowered the rate from 7% to 5%.