Since 2000, rising oil prices boosted the value of the CAD, which has undermined other every other area of Canadian manufacturing. The overall losses relative to the supposed economic gains of oil are astonishing.

I give a quick rundown of Canadian political economy and the "staples trap", then recap a key arg from @jimbostanford.bsky.social: that the Canadian dollar's tightening linkage to oil has given us a case of Dutch disease.