Canada is rich in natural resources and energy, but the Trudeau government needs to stop putting "obstacles" in the way of prosperity, said long-time political commentator and journalist, Rex Murphy.
"If any other country in the world had the bounty that Canada has in both [energy and minerals], we would have every government, not just the federal, provincial, federal, municipal saying thanks Providence or or thank God, and we would not be building impediments and always making the most essential industries the ones that have to prove themselves," Murphy told Kitco News on the sidelines of the Vancouver Resource Investment Conference.
- Real Money:Jim Cramer: We Hold the Cards in This Trade War With China
- Real Money:Why Risk-On Is In Vogue, Updating Zuora: Market Recon
On U.S. politics, Murphy noted that the media now has a powerful influence on federal decision making.
This article is commentary by an independent contributor. At the time of publication, the author held TK positions in the stocks mentioned.