The world is reeling from the chaos created by increasingly erratic decision-making in the White House.
The latest disaster is the war between the United States, Israel and Iran which had an immediate impact on fuel prices.
Prime Minister Mark Carney made headlines after his address to the World Economic Forum in Davos, Switzerland, warning of a break-down in world order.
Since then Carney has made a number of bold moves, steering away from Canada’s economic reliance on the United States and developing a much more diverse array of economic agreements.
Larry Short of Short Financial a branch of IA Private Wealth notes a recent comprehensive economic agreement reached with Indonesia.
“That’s where our markets of the future are really coming from” says Short. “That is a country that is by most measures, third world. But, it is an emerging nation that is going to have individuals who are going to be moving from lower-class into middle class.”
He says “the consumption difference between a large population that is moving from lower income to middle income is huge. So that type of a market is exactly the type of market that Canada should be pursuing, and will pave the way for the next 10 to 20 years.”
