Conrad Black: It’s Time for Canada to Take Advantage of Its Astounding Treasure House of Natural Wealth

Commentary It now appears likely that Canada and the United States are having a so-called soft landing and will avoid a recession, and that the worst of inflation is over and is coming down to manageable proportions. However, it should be remembered that the management of the COVID pandemic produced a profound recession—replete with immeasurable psychological damage, economic dislocation to many, and deterioration in education standards—that produced an unnecessary recession. This was a generous gift to the People’s Republic of China which exported the COVID pandemic and greatly profited from it, despite the extreme severity with which Beijing repressed the pandemic within its own borders. And while it is true that the rate of inflation has now been very substantially reduced, it is also true that there was no excuse for the rate of inflation to have jumped as it did in the last five years....