The whole country is a gigantic house of cards propped up by real estate, with horrible service quality, terrible healthcare, no jobs, ZERO innovation, risk taking and entrepreneurship.
Having lived and travelled extensively, most Canadians want a house somewhere in the woods instead of doing something meaningful with their lives or try and innovate to build something.
All of this is propped up by rampant levels of immigration from China and India. Where US got the best talent from India, Canada got the worst, the ones who scam their way here and take the lowest level jobs.
Now all of this is coming home to roost. The next decade will be Canada's worst and if they do not learn that risk taking and entrepreneurship is the only way out of the mess they find themselves in, they will become a third world country in another decade.
Canada has generally had a more conservative financial industry, which is a large part of why they were able to escape the 2008 mortgage crisis, and that, in turn, has lead to a stronger real estate market. Additionally, the recent post COVID-19 influx of immigrants has driven up demand for housing like crazy. There's not a lot of question that the real estate market is hot. But...
...I'd point out that considering it's population, Canada has had an impressive number of innovative companies just in the tech sector over the years. Alias & Softimage in 3D rendering. Shopify in e-commerce. Research in Motion in mobile phones. Ecobee in the smart homes/IOT space. Certicom in cryptography. Going farther back, Corel was a software giant. There's relative newcomers to with Hopper, Imagia, etc. I don't think it's fair to say there's no innovation, risk taking, or entrepreneurship.
> All of this is propped up by rampant levels of immigration from China and India. Where US got the best talent from India, Canada got the worst, the ones who scam their way here and take the lowest level jobs.
I'm not sure where you get that from. Canada's immigration policies have historically been more oriented towards merit/highly skilled immigrants than the US.
> Now all of this is coming home to roost. The next decade will be Canada's worst and if they do not learn that risk taking and entrepreneurship is the only way out of the mess they find themselves in, they will become a third world country in another decade.
I'm not sure what is fueling your perspective, but there is a lot of concern about Canada's economic policy coming out of COVID-19, in particular, the big deficits and explosive immigration are putting a strain on the economy. However, there's a very credible possibility that these will prove to be effective "investments" that pay off in the long run. Ironically, given your criticisms, Canada is taking on a lot of risk!