Having lived here for over a year, I'm still as head over heels as I was when we first arrived. I won't pretend that Vancouver's the cheapest place to live -- the affordability aspect is something I often question. But this ocean-wrapped city offers a melange of urban living, outdoor activities, beautiful views, and glitz and glam that you won't find elsewhere.
Ever priced out that insane West Coast road trip you've been wanting to do forever? There's a good chance you gave up midway through your research -- oceanfront real estate, one quickly learns, is expensive -- if you can even find space. Low season? What's that -- even in the dead of winter, California in particular remains popular with travelers from around the world.
The current trade regime is not just a matter of the U.S. exporting manufacturing jobs to China and importing cheaper consumer goods. We are also dramatically increasing the volume of pollution associated with our consumption, so much that a significant part of U.S. pollution is now generated in China in the production of goods for U.S. consumers.
The Bank of Canada would be wise to consider the future we're heading towards. For a petro-economy such as Canada's, where the energy industry and the country's economic well-being are closely linked, the financial risks associated with the pending battle against climate change are much greater than any cyclical downturn in oil prices.