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02.06.26 - 15:01
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Canadian Dollar Falls As Crude Oil Prices Slide (AFX)
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CANBERA (dpa-AFX) - The Canadian dollar weakened against other major currencies in the European session on Tuesday, as oil prices fell after having jumped more than 4 percent in the previous sessi......
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02.06.26 - 14:06
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Canadian Dollar Falls Against Majors (AFX)
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CANBERA (dpa-AFX) - The Canadian dollar weakened against other major currencies in the European session on Tuesday. The Canadian dollar fell to nearly a 4-week low of 1.6132 against the euro, near......
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02.06.26 - 13:06
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Net Zero & Statism Deliver Stagnation: How Interventionism Undermined Growth In The UK & Canada (ZeroHedge)
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Net Zero & Statism Deliver Stagnation: How Interventionism Undermined Growth In The UK & Canada
Authored by Daniel Lacalle,
Governments are terrible at picking winners and even worse at choosing losers. Net zero and interventionist “Keynesian” policies in Canada and the UK have proven that government intervention has created a worse outcome than anyone would have expected. The result is higher costs, distorted incentives, and weakened productivity growth, with increased dependency on fossil fuels to attend to peak demand, exactly what Austrian economists predicted.
What has been sold as a recipe for prosperity and “green growth” has in practice eroded affordability while failing to deliver stronger, sustainable expansion.
It is not surprising to see that the world's examples of green interventionism, the UK and Canada, have become economic failures. Years ago, some argued that these policies needed time to prove their success. Now, it is not even debatable that the stagnation and rece...
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