Neither Carney nor Singh have offered a coherent strategy to break this pattern. For there to be any hope of progress under the next government, the NDP needs to bring more ambitious ideas forward and pose a credible threat to the Liberals.

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.

In a nutshell: If Canada wants to become more self-reliant then it needs to rebuild its manufacturing sector, which has been profoundly undermined by the oil sands.