The future of the Canadian economy is looking rosy according to the Royal Bank.
The Royal Bank’s latest quarterly outlook predicts growth will accelerate to 2.4% next year and continue to expand to 2.8% in 2014, following a year that saw the weakest growth since the recession and a virtual stall in the third quarter.
Meanwhile the situation in Venezuela is becoming as complex as Chavez’ recovery.
The bottlenecks at a major port were so bad this year that Christmas trees from Canada were delayed for weeks, and when they did show up they cost hundreds of dollars.
I’m thinking a reasonable win-win deal, one that would really give the Canadian economy a boost and help Venezuelans celebrate Christmas, is an oil-for-Christmas Trees agreement.
We chuckle at Caraqueñas spending $100 and up for a Canadian Christmas tree that we can get for 20 bucks at IKEA. Mind you they are paying 12 cents a gallon for gas (yes, a gallon – about 3 cents a liter). So let’s swap Christmas trees for oil; a true win-win situation! And not really too seasonal because as I understand it Christmas celebrations in Venezuela last for months!!