The solution the Canadian economy badly needs: high-speed rail

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The solution the Canadian economy badly needs: high-speed rail
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The government has announced plans to develop and implement high-frequency passenger – but not high-speed – rail service

A high-speed train by French railway company SNCF travels on the Bordeaux-Paris route, at Chartres, northern France on July 26.Canada’s high-frequency rail project might make sense if you wanted to prepare the economy for the 20th

Canada remains the only G7 country still without high-speed rail. Even the Americans, who already have half-decent fast and frequent rail options in the so-called Acela corridor between Boston and Washington, are experimenting with it.of the range of developed countries, skews toward maintaining existing roads. That still hasn’t prevented Canada from having one of the world’s longest.

The reason this matters is that, as the world economy moves further away from resource-intensity toward knowledge-intensity, economies of agglomeration will only grow in importance. This isthe country’s persistent diseconomies of agglomeration. To show what I mean, let’s use another illustration. When I worked in Oxford, and later in Cambridge, not only could I get to London and back in a day for a seminar, but so too could colleagues from dozens of other universities.

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