Although I’d welcome the idea, there is an important caveat : Canada is a financial sovereign now but would have to give that up. All countries in euroland use a foreign currency called “the euro”. We have a central bank but no central government. Members are expected to finance themselves on the private market. Where as today Canadian government can buy any local goods and services it wants as long as they’re priced in canadian dollars. EU is great but needs to fix its design faults before we can expand again
There are still a few eu countries that have not yet start using the common currency. But i would say that it’s getting harder and harder to argue that staying outside is something positive. Sure it might feel like a big step but you gain so much more.
Although I’d welcome the idea, there is an important caveat : Canada is a financial sovereign now but would have to give that up. All countries in euroland use a foreign currency called “the euro”. We have a central bank but no central government. Members are expected to finance themselves on the private market. Where as today Canadian government can buy any local goods and services it wants as long as they’re priced in canadian dollars. EU is great but needs to fix its design faults before we can expand again
There are still a few eu countries that have not yet start using the common currency. But i would say that it’s getting harder and harder to argue that staying outside is something positive. Sure it might feel like a big step but you gain so much more.