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And Trudeau has degraded the value of both these assets to the detriment of all Canadians. This will all prove to be very expensive as the country heads into a recession due to a worldwide slowdown combined with the damage inflicted on the country’s oil industry.

Trump will now push even harder that Canada meet its NATO pledge to spend two per cent of GDP on national defence. Currently, spending is 1.3 per cent. Trump sent a letter before the conference about this and challenged Trudeau in a press conference there. But now after the incident, Canada will have to pay up, one way or another. Expect tariffs.

At home, Trudeau’s mishandled the country’s other asset — resources — and the Canadian economy as a whole. His government’s anti-development and anti-pipeline rhetoric, legislation and taxation caused a massive capital flight to the United States. Now “there’s a 45 per cent change that Canada will be in a recession in 2020,” said CNBC commentator and Canadian Conservative Kevin O’Leary in a recent interview.

“This is not a B team or a C team but a D team running the country,” added O’Leary. “Canada is not competitive globally now because of the last four or five years of policy. It fell behind. Now it’s fully taxed, and the last country you want to invest in. The worst of the G7. I feel so sorry for my country, such weak leadership.”

As a recession looms, Western Canada will be damaged even more. If the Liberals’ Bills C-69 and C-48 aren’t scrapped, and if exports are not increased through construction of many more pipeline projects, new resource development in the hinterland of the country will disappear. Such projects employ a disproportionate number of Indigenous workers.