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
__________________________________________________________________
Kitco News is the gold standard in precious metals, commodities, cryptocurrencies, mining, and financial news.

SUBSCRIBE to our channel to stay up to date on the latest market and industry news.

For breaking news, views, charts, and data on precious metals, cryptocurrencies, and financial markets - visit us at https://www.kitco.com

To get market updates on the go, download the Kitco Gold Live! APP - https://applications.kitco.com

Stay connected:

Twitter - https://twitter.com/kitconewsnow
Instagram - https://www.instagram.com/kitconews
Facebook - https://www.facebook.com/KitcoNews
LinkedIn - https://www.linkedin.com/company/kitconews
StockTwits - https://stocktwits.com/kitconews

Live gold price and chart: https://www.kitco.com/gold-price-today-usa/
Live silver price and chart: https://www.kitco.com/Silver-price-today-USA/
Live crypto market data: https://www.kitco.com/price/crypto/

Learn more about Kitco News: https://www.kitco.com/news/about/

For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: www.kitco.com/advertising

Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News.