When New Brunswick has 9-10% unemployment, population decline, a $1.7 billion annual government deficit (the Equalization payment), it’s yawn yawn, yadda, yadda. In fact, New Brunswick governments actually were known to brag about that state.
When Canada has 9-10% unemployment big government deficits (and the population is actually rising), it’s the worst thing since the great depression and the response is swift:
Bank of Canada readies weapons to fight record slump
CAW, Chrysler close in on deal
Bailout: Canada prepared to offer $6-billion in financing
Government to run record deficits to stimulate economy
I’m not complaining and I know the difference between economic decline in a province versus a national economy but it sure would have been nice to have had a greater sense of urgency in New Brunswick 5-10 years ago.