Canada Is Losing Ground in the Global Resource Battle
In a compelling interview with Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, industry giants Frank Giustra, CEO of Fiore Group, and Pierre Lassonde, Chairman Emeritus at Franco-Nevada, issue a stark warning about Canada's position in the global resource sector. They argue that Canada is falling behind in a world increasingly dominated by resource nationalism, and the government's lack of interest in mining is damaging the economy and failing its citizens. Giustra and Lassonde highlight a critical oversight: Canadian pension funds, which hold CAD$2.7 trillion in Canadian savings, are more heavily invested in China than in their own country's resources. They describe this investment strategy as "unforgivable," pointing to a severe misalignment of national economic priorities that threatens Canada's future stability and prosperity. This discussion sheds light on the urgent need for a strategic reevaluation of Canada's resource management and investment policies.
Follow Michelle Makori on X: @MichelleMakori (https://twitter.com/michellemakori)
Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow)
Follow Frank Giustra on X: @Frank_Giustra (https://twitter.com/Frank_Giustra)
#Canada #mining #resources #investment
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