Riding the Tornado

Boom and bust economic cycles are inevitable in countries that are dependent primarily on resource exports. Countries like Canada. And we've had our share: minerals, timber, wheat. Perhaps the most spectacular boom and bust experienced in Canada was that in Alberta oil during the seventies and early eighties. When the bust hit, with a drop in world oil prices, those business people who knew how to "ride a tornado" (as one Albertan described the experience) simply cut their losses and moved out and on. Many others were devastated, left with nowhere to go.

English
  • Originally Aired January 1, 1986
  • Created August 23, 2025 by
    Mercuryfoxteeth
  • Modified August 23, 2025 by
    Mercuryfoxteeth