Quote:
Originally Posted by someone123
There was a comment about Canadian provinces being top trading partners with each other. The data I've seen suggests that this isn't true. The US is #1 in most provinces (such as Ontario), above any other singular province. If we're looking at a snapshot of the last year's trade at the moment Quebec becomes a new country, then the USA would be Canada's #1 trading partner while Quebec might not even make #2 for Canada. And I guess Canada would remain in the USMCA while Quebec would be in a UK type of situation.
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I think the Quebecers on this thread are really overestimating their province's economic potential in the event of separation.
A lot of Quebec's economy comes from providing services to the ROC. Big names like Alimentations Couche Tard, Metro, Saputo, Power Corp etc. probably derive the majority of their business within Canada but outside Quebec. One of the reasons why Quebec has such low unemployment is because they're providing services to English Canada, which has high immigration and population growth, without growing much themselves.
Then there's the fact that Quebec doesn't really export any resources that can't be found elsewhere. There's no potash or cobalt or palladium, or even oil and gas.
Also, I don't see any reason for the US to play nice with Quebec on USMCA. I don't think they'd appreciate the loss of stability on their doorstep, and when it comes to supporting the ROC vs. Quebec's negotiators, I'm pretty sure they'll side with the ROC.
And, finally, there's the issue of currency. Do they want to keep using a CAD where they don't control the central bank, and whose value reflects the economic status of the ROC?
In a nutshell, I see Quebec having the trade bloc leverage of Britain post-Brexit and having the export competitiveness of one of the Eurozone PIGS.