In this video, we're going to talk about the top five penny stocks to buy now. We've got an extensive list for you in this video from a wide variety of industries and some very new ones here on this list that has a lot of potential as well. If you do appreciate bringing these penny stock top lists to you, then do hit that like button as it really supports the channel. But also, let's me know that this is what you want to see as well in terms of some of these top lists on different penny stocks when we go through. We give you the main bits of information, but then obviously it's up to you to then research, favor and do your own due diligence to then make your own informed decisions. Because again, I'm not a financial advisor. I'm a business teacher, but I'm by no means an expert on the stock market. We're going to get right into the top five penny stocks for you to buy now. Okay, and I've got some interesting information in relation to Gaxi as well, and we'll go into that. So let's get right into it. So first of all, we've got Galaxy Next Generation. Okay, this is on the list. And I think that as this significantly dips, you should buy up the dips because nothing has changed in terms of the long term potential of this stock. But there's been a recent dip because of this situation with Trading212. Trading212 has essentially suspended any buying of this stock. Okay, because it doesn't meet certain parameters, essentially. Okay, and you know, Megan has actually responded to this who's a prominent individual within the company of Gaxi. And she says, seems that Galaxy Next Gen compliance with OTCQB has come into question by Trading212. And rumors are being falsely spread about the company's regulatory status. Please note that most recent 10Q and status are verified on OTC markets. She's also said, in addition, we are reaching out to the 212 trading platform directly for clarification. The company was given no information ahead of your tweets or any decision made that would stop the security of being traded, right? And then it says, again, this is not a Gaxi regulatory issue. Our compliance status with the SEC, OTCQB or the regulators has not changed. So I don't know what's going on in terms of Trading212's part. It doesn't sound good for them. Trading212 has not been forthcoming in their communications in this situation. And you know, I could make a rant video on this, but I'm not going to because I'm quite a positive person, right? What I would say is opportunities to buy the dip on this, if you can. Again, it's only Trading212 that you can actually buy this stock on. I'm pretty sure you can buy it on other stocks, stock trading platforms. But a lot of people have bought into this stock have bought through Trading212. And of course, they've seen this and a lot of them have panicked sold and rightfully so in a way because I understand how, you know, worrying this could be. But at the same time, you've got to think, has anything fundamentally changed in the business? No, it hasn't. Is it still a good business that provides education, tools and resources and sells those? Yes. So again, nothing's changed. Are they growing the revenue? Absolutely. Nothing's fundamentally changed in the company. So this dip just offers a buying opportunity for those that have been waiting to get into this. But I've seen it just being a bit too high for their liking. So it dropped down all the way to like 0.37 or something like that, right? And then it's actually recovered a little bit since then as well. So again, we've had this response from the prominent individual in Gaxi and hopefully this can be resolved with Trading212. I don't know, you know, but I'm going to stop talking about this one because it's a top list. I'm going on about it too much. But what I would say is by the dips, nothing fundamentals changing the company still looks like a strong company. The next one we're talking about is DriveShack. Take a symbol, DS. So they actually are interesting play for when this is a recovery player, right? As we recover and as we open up as more people go back to events, I think this one's going to do good. So what do they do? So they do corporate parties, celebrations, special events. And they've got this basically entertainment area where, you know, there is all these. You can you can play golf there, different entertainment venues. There's a bar there and they've got several locations of all these different areas. Food and drink games, parties and groups and just like an entertainment hub, essentially DriveShack. And I think this one is a recovery player as people feel more confident to go out and go to these places. I feel like this is going to actually move the stock price up and the revenue obviously from that. It's at $258. Now, what I would say is on DriveShack, DS. If you can put this on your watch list and you catch it anywhere around $2 to $2.35, I think that it's a buying opportunity. I also think at this level, it's a buying opportunity if you're willing to be patient as the recovery happens. Again, I think this one's going to $5 to $7 to $8 very easily. OK, as the recovery happens, but this is going to be over a number of months. This to me is a long term hold. It's a very interesting company. There's got a lot of potential. That's DriveShack, ticker symbol DS. The next one we've got is ClickStream, which is ticker symbol CLIS. So you've got ClickStream's PayPal app founder is actually appearing on an Instagram live today to actually talk about the results of the soft launch in 10 countries. And again, we've noticed that the soft launch of this app has been very successful. I've made a dedicated video talking about this stuff. Do check that out. It's on my page on my YouTube channel, right? So check that out. I've gone into this stock a lot. Now, what it does, it's essentially a language app and you can connect with people around the world and you can both help each of it to learn different languages. It's kind of a social kind of language updating app. They've also indicated as well in that sense. So it's a very interesting app. It's had a lot of engagement so far from the research I've been looking at. It's had a lot of downloads. So it is doing really well PayPal as an app. And this is only a soft launch. This isn't their main launch. They're doing this to see if there's any bugs, any issues to gather data so that when they come to their global launch is going to absolutely explode in my opinion. Okay. So again, this is the social language learning app. So language exchange allowing users from around the world to learn a new language through interactive chat and social purse. Very interesting stuff. They've also got another app as well. And, you know, so it seems that they've got their developing a portfolio of apps as well, which is really good to see. Now, I mentioned this stock on my members page so you can join the stock club if you want. There's a join button and basically I just post mini updates on any stocks that I'm interested in. Right. So this is what I said about clickstream. So it's launched two apps gaining traction. One called PayPal, which lets users from around the world learn languages together in a socially interactive way. And it's launched in 10 countries. Then the other one is a win quick, which has seen a 25% increase in active users in two weeks. And I posted my DD and then obviously the website as well. And this was at 0.10 when I first talked about this was bear in mind. This was two days ago, two days ago. It was at 0.10. Okay. And at my sort of prediction, you know, I feel that it was going to move up to 0.15, 0.30, 0.30 fairly fast. But 10x, I think it's going to go to a dollar, essentially. Okay. But I thought, you know, it's going to move up fairly fast to 0.15 to 0.30. Two days later, we're at 0.48. So, you know, for the members that actually saw that post, you know, we've got in early there, they are up a significant amount on this stock. So again, the investment in the join button actually pays off. So if you're interested in that, do click on it. Again, we're not always right. But for this one, we are significantly right. Okay. But what do I say now? So why am I why was this on my top list? I still think that this is a potential buy. I mean, if you can catch it a bit back down to maybe 0.30, that would be highly. That was obviously be better, wouldn't it? But, you know, I think this is one for the watch list and buying the dips highly volatile stock. But the apps and the products that they've got seem fantastic. I like what they're doing. I really do like what they're doing as a company. And to me, this is a medium-term hold and I may change that to a long-term hold, depending on how they go with this app and how things develop, right? But this is going to hit $1 eventually in my opinion. Okay. But buy the dips where you can to limit your downside. This one is a big one, right? Then we've also got Hive Blockchain. Okay. So who are they? So they are a blockchain technology company. Okay. And they're building a bridge from the blockchain sector to traditional capital markets. Hive, state-of-the-art green energy, power data center facilities in Canada, Sweden and Iceland, which produces newly minted digital currencies like Bitcoin and Ethereum, constantly, continuously on the cloud. So they're involved in digital currency mining as well as part of the portfolio. So they're mining Bitcoin. They're mining these digital currencies. And of course, Bitcoin and many of these crypto currencies have been going through the roof. So therefore, a lot of these mining companies that are mining these coins are doing incredibly well also. And this one is less well-known. There's others that are more well-known, like Riot and others. But this one is less well-known. Here, Hive Blockchain. Okay. It's sat at 465. It is a bit of more of a risky one because it has had a bit of a run-up, right? From $2 to $4. But again, we've seen a lot of these Bitcoin miners, how well they do on the stock market. And if this is going to follow the same direction, we could see this go absolutely exploding from this price. So I would say maybe it's worth a small position just to have some exposure in this industry, but try to, again, get it a dip, put it on the watch list. But again, a lot of potential for this one, though, really is. Then the next one we've got is Mustang Bayer. Take a symbol M-B-I-O. So they're developing the next generation of cell and gene therapies, okay? Which are very interesting stuff there. And they're at $3.97, okay? And we've got an analyst. So this is on CNN Business. Four analysts have it at a low of $7, a medium of $11.50 and a high of $13 in the next 12 months. And it's only at $3.97. So I think that this has got room to run in the medium term to run up to $6, $7, $8, okay? So I do think this is a potential buy, but I do think you just got to be a bit more patient with this one. It's not an overnight one that's going to where it's going to reach $7 overnight. It's one that's going to eventually do that, okay? But it's still going to be a massive return given in the next 12 months. I do think it will hit that lower figure of $7 at least. And again, it's only at $3.97. So a lot of room to run on that one. So again, so thanks for all the support. Do subscribe to the channel if you're new. Helps out the channel. Like the video to get it up into the search results. And again, consider joining the members club, okay? The join button. It's called the stock club for any regular updates on stocks and some of the interesting benefits as well. Thanks for all the support on the channel and I'll see everybody in the next one.


Hello, thank you for joining me. It's minus one degrees today. It's snowing. I'm in Stockholm I'm surrounded by all these former industrial buildings and as it's quite cold I need somewhere inside to go and this one in front of me this is the city's transport in let's go inside and get out The snow and see what I have to see. I've just had my entrance fees get in and here I am. I'm on a metro train This is one of the older Stockholm metro trains. What we're gonna do. We're gonna have a walk around We're gonna see metro trains, trams and buses and just like you'd expect of any city's transport museum a bit of everything of their transport. Certainly their past transport and we can have a look about possible future transport It looks really quite exciting. So as we walk past here there's metro train we have just been sitting inside If I turn the camera around This is what we're greeted to So we've got trams That one there 401 that's from the transition period from tram to metro We've got some buses up there. We've got so much older trams another metro train. I Understand the way it went now. I don't know every detail of the history of Stockholm But Sweden drove on the left-hand side like we do in the UK until 1967 a year ago Exactly this time of year ago. I was in Oslo We visited the transit museum there and I was confused about why were there right-hand drive buses and then somebody pointed out in the comments It's because Sweden used to be right-hand drive. So it was a Swedish bus So when when Sweden converted to left-hand drive it caused a bit of a problem with some of the tram systems It meant that various tram systems, you know, didn't necessarily work because the railways seemed to still be on the left But the cars roads are on the right. So Certain parts of the tram network has survived. I've made videos. I've been making drivers I will there will be drivers. I've used on those videos. So watch the watch out for those I've managed to make some drivers. I've used of some of the tramways and there's some really beautiful tramways here in Stockholm So here we have what I'd call a tram. I think this vehicle here This is one from when some of the trams were made so they would go through the tunnels And then it developed into the tunnel like 100% correctly my Swedish is very far from perfect It would have progressed from trams through to Metro So have a look around there. See what we can see. So here's one of the much older trams This one here number 14 is electric. Just see the trolley pole up there And on this side we have various various signs Behind me is a tunnel Yeah, I think we might have found a miniature railway Think we might have to make a separate video on that. It's funny though. Don't often see a tunnel We're metro train above it normally the metro train is in the tunnel. Let's now go and have a look around There's the museum's cafe. I'll definitely go and have perhaps a cup of tea there And watch little trains come in now, that's pretty cool Let's have a look and see what we can see. So this is the sort of the colour of the Stockholm trams Even today the modern trams which run in Stockholm are blue like this We can't actually go inside, but I'm gonna put the camera up to the window so you can see I'll give you an idea. So how? Yes, there's a driver's cab at that end. Is it one the sort I like? Yeah, so it looks as though well three sets of folding leaf doors Yeah, and it looks as though there isn't a driver's cab at this end So as I do in places like Saphir, I'll stand at the back of my camera and film like a backwards drivers I've used We have another tram much older It sort of looks electric to me it could be horse Two trams. So one thing I've just noticed now, I don't know if it will work But look there's a ticket barrier here. There's only one other museum I've been to that's had a ticket barrier as part of the display and that was it at the London bus booth Yes, it opened that's so cool Close again, let's do that again. That was too fun not to do Only people like me get excited about ticket barriers, right? I'm gonna put the camera ahead of me this time so you can see it Actually, that's what they call the swash swush ticket barriers because they're sort of like that We don't have them in Britain anymore, but I remember there were a few stations used to have them Where was it Portsmouth and South Sea Southampton Central Epsom Chelmsford possibly Romford If anyone knows were there any other swash whoosh ticket barriers in Britain Please comment and tell me Ireland had them does have them actually and they're quite common in Europe But I say I think extinct in Britain It's in the uniforms the staff would have worn everywhere you look in this museum. There's You know old pictures. It's quite nice here They actually got like an old tram stop and they placed it exactly where it would have been in an old photograph So, you know, it really sort of adds to the atmosphere Here we have a nice little motor bus to enjoy vintage buses So that's it's a Leyland bus So and as you can see it's right and right because it dates to the time when Sweden drove on the left That's pretty made in Britain. It makes sense if Britain made, you know buses for Sweden because if you know We've both drove on the same side of road Here is the front of a more modern bus as you can see by now the buses are left-hand drive As for this metro, I'm gonna mini Metro Deserves a separate video there will be a separate video. I'm just gonna tease you a little bit Seven a quarter inch gauge metro here. We are definitely gonna have to have a ride on that. I'm not coming here not widen that There's a long metro train Here we go into Yes, that's where the driver Yeah, so drivers it looks as I drive out to stand up to drive the train there's a seat here for the second man Still Yeah, it's like the doors you get a metro station. I like it when they have You know exhibits like this you get in there now one thing I will say now this this applies to most museums things like those doors Help to explain that It's a funny thing that comes up on that every now and then I always say the term train station is Incorrect. I was gonna say no, but it's what trains go to if you were to The point is there's always a railway there and there's all the other infrastructure Associated with railways at a railway station. That's why it's a railway station or train station. If this was a train museum Or train and Tratton, but if it was a train museum, there wouldn't be that ticket barrier There wouldn't be the doors. There wouldn't be the uniforms. So, you know, it's a transport museum in general But that's why, you know, that's why that term is wrong Say train station. This isn't a train museum. It's a rail rail and transport museum As we come up here if we find another Metro train and this is very typically like you get in Finland see the corrugated And sides of the train you'll see I've seen some of the trains at the main railway station Have these corrugated sides. Here we can go in. It's been cut in half before carriage. Only half it's been preserved, but Better than none of it being preserved It might be wrong, but I think there might be some similar ones still in service I saw an older one crossing the bridge earlier. When I go to cities like this I tend to I tend to concentrate on the trams. I'll use the metros to get me to the tram So to get here I went to the end of metro line 13 But and the trams are my sort of main interest metros come second Get a great view here over the museum. See the tops See the pantographs on the trams. This bus we can't quite go in but we can have a look Yes, you know, we've got to the left hand drive era. This bus is left hand drive And that's inside it You can't smell this because you're watching but the smell never changes. I love the the vintage bus smell We've got enough. I think this is a trolley bus. Yeah, look Steering wheel here, steering wheel there. So that one is trolley bus is right hand drive That's left hand drive. I'm not a hundred cent sure it's possible that the trolley bus is ended at the same time As the trams when they switched from over, you know, to driving on the other side of the road We got here Do you know when you get that feeling of being watched? It's kind of how I feel at the moment Um Well, I'm breaking the fourth wall here. I'm being watched. I was being watched in and hopefully I'm being watched now Hopefully someone's watching this video But yeah, so that's adding to the point of it's not just the train museum I've not yet seen a museum preserved cctv cameras, but I think that's great that they have To have a wander around so the museum is located on four floors. It's not a small museum. I've got lockers A little um children's corner there with books lockers there There's the back of trolley bus 96 So we go through into here And this is all about I think the trolley bus here. So there you go. Look at the picture there I think I recognize that bridge. I think I walked under that this morning So this is all about the trolley buses you can see We can go in we can go into this trolley bus Oh So this is the interior Of uh swedish trolley bus There is one town in sweden today that does have trolley buses The name's on screen now Very small town. I'm going to have to go there one day. It looks quite exciting So you can ride a trolley bus in sweden and um Just sure what that is some of the Oh, I see it's for I understand it like cleans the carbon monoxide. So yeah, perhaps look the exhaust of the bus Would go in there and somehow it cleaned the bus. I just saw on that video a picture of a bus pulling one I think that's what it was if you're watching and I'm incorrect I'm sure you'll tell me Let's now go up to the third floor So else we can find it might find A few more trams. So yeah trolley buses buses and metros and oh and now We come to the this is the nautical themed part of the museum. Of course stockholm is located on different islands So boats are very much a part of stockholms transport Most of the fuels are frozen at the moment. I have seen a few boats That's model split apart so you can see inside So here we can see the various ferries. I'm not so into boats Although it's becoming a bit of a joke when I got up to scotland I've started taking down the names of the ferries because I think well, it's not that many and I've seen nearly all the trains in scotland So it's like something else. I'm not going to start taking down boat numbers Not here anyway What else have we got? Let's go Around so get fantastic views wherever you look over the museum You can make your way around to the very top floor. I'm probably going to go down have a coffee That's promised. I will have to have a ride on the miniature train and um that will probably without me really thinking about it start a Minuterella europe you may watch my minuterella britain series might start minuterella europe series. Well, look If you feel like you're walking on a museum you just want to sit down you can sit on old metro seat Brown McKair It'd be quite fun if I was going somewhere That's another view got the trams metro the miniature metro All around so I can see down the other end some some very old trams um I'll tell you why I think they're very old in a second because Let's make for the right moment to reveal this the reason why I'm saying they're old So down there as I said they're all electric the trams You can see the pantographs quite obviously The reason this tram I'm saying is probably the oldest one in here It's got a horse on the front. So that's a horse drawn tram I like horse drawn trams in some ways a bit of a debate when you get one for haulage Obviously can't really count the horse because it's not always the same horse that pulls number 12. So I would Just say I've traveled on number 12 This is a really it's also very small tram horses. Obviously couldn't pull the bigger trams But you know, they worked really hard the horses that would pull the trams you see inside there Looking out the window You can see much where we started down there a little bit dull now this thing this is fun. It's like a towstrap It's not a tram. It's it's a bus So in the summer because obviously you wouldn't probably want to ride on that today. It's a bit cold But in the summer, you know, they have warmish summers you could ride on this This is all horse drawn bus number 22 and I think this is also This is not a towstrap. It's got, you know, um, longitudinal seating inside Dot home central omnibus line and yeah, it's horse drawn and there's an old horse and carriage We're going to walk around here now. We're going to go up to the top floor and we'll see what we can find up there There is she got some clocks here from different eras Here's some clocks. So it's all really quite interesting. Yeah, all the clocks of the transport around It's all quite exciting So that's it's all quite good now. There's something here Do this a bit fun. It says can you be faster than public transport? So don't look at this. It says Push the button wait for the green light go and then you check your result on the screen by the finish line So, yeah, if you look there, there's a red light. I'll press this green button I'm gonna have to You have to run so as soon as the light goes green Am I doing this faster than public transport? I don't know. It's not often I go rushing around in museums get to here Well, okay, I was going at 12 to 16 kilometers an hour That is pretty cool. So I must be going about the speed of a tram that was yeah a bit random and Feel puffed out now what I'm gonna do. I'm gonna leave this bit here I'm gonna go up to the top floor and we'll see what we can find in the final part of this video So here we are. We're on the top floor in the loft and this floor tells the story the evolution of public transport in stock on families filing cabinets here and In one of the drawers here. There's a piece of paper from the 1960s Showing you what they predicted Transport in stock on be like in the year 2000. Have a look So while the metro has expanded, um, we don't have hover buses or Sort of shows helicopters. There is we have so it has it's developed The metro is being extended as we speak tram lines are being extended as we speak It's interesting here on this board. It shows a picture of a steam tram So replacing the horse-trom trams actually had some steam trams and they were better in that they could go faster They could climb hills They weren't you know, it's just where they weren't traced at all on the horses There's a good map here. This gives you an idea I'm so about Stockholm being on island. So this is the city centre around here. We're up here There's a line tram line down Here and it had to go on a replacement bus. I went on it this morning I had to go on a replacement bus to about here because they've rebuilt the bridge So I took the metro to here rock sting. I might be saying that wrong or probably am So that's where we currently are There's a hole in the floor and I can just see a roof of a metro train below There's a good map here now as for Stockholm and its public transport So yeah, if you look here, these are the newest metro trains you see It's public transport. I understand for the size of the city It's got the most dense metro system anywhere possibly in the world See what looks like quite a big map. So this is where we are. We're here So I did this line here very scenic And tram line but has more of a light rail feel. I had to go on the bus between here and here because it's on another island They've rebuilt the bridge There's this tram line here. This is the only real bit of Stockholm's original trams street riding tramways That's currently closed. So I haven't had a ride on that Yesterday I did route. I filmed all of route 30 drivers. I'd be all the way around here That was really good fun. And then there's a short route 31 which will be extended round to here The other really charming tram route is from Alvik. Is this one here? It's really nice. It's locally known as Tolvun. So that's if you go to Stockholm A lot of the tram that the metro is above ground. So you can have some really nice rides So it's really good fun. Look at this.  I noticed downstairs There was a small boat. I didn't preach that in the video.  So there's a horse. Yes, let's say Stockholm had plenty of horses for its public transport It demonstrates. So what I was saying horses Were not very happy And Scott Pills, they couldn't really pull them. So that's where steam trams came in. It's interesting here Look, there's a picture of Stockholm in 1901 And we can move to 2020 So it's got some That's always interesting to see we're going to walk through always love past and present seeing how something was How it is now Get to here Here we have Look modern lot of steam tram have a look Now what he's saying It's been a bit of an accident. There's a mess On the road the steam tram has frightened the horse the horse has bolted and Yeah, everything has fallen out the back of the horse and car and That's the driver to steam tram pretty much saying well. Yeah, it's not my fault. So that's quite interesting Here we have it's like It's the side of a boat because if we go inside There's a lady there. She's a passenger Yeah, that's a passenger. I think you can listen to a commentary Um, and there that's the steam engine That a boat would have used Come out here some quite interesting things. Look, we've got building a giant model of a building. Look, it's like the same size Me it's taller than me. You can see there. I love it. It's all made of wood. It's really it's a really nice model Like the scaffolding it's like the building itself isn't actually that interesting but the scaffolding is A work of art in itself with all the all the stairs going down Now here is where we move on to the electric here. See this interesting looking vehicle. It's got a boat collector See the two gentlemen in their top hats They're sort of looking up in amazement. They've never seen anything like it before So that's what they're doing. It's like, what's this? It's a we've never seen this That's quite interesting Well, so we got Some models there of some of the trams. So I understand they had a trams that ran Um into the tunnels. Oh look, this is fun stepping into a tram. It's like a simulator Probably just as well. It's not showing the whole route because I probably would just stand here all day Which they said a little bit more Yeah, I'd love I'd love to see that whole film Come out here. I've got something It's like a fairly dark cabinet. I'm gonna press this button. It's coming to light It's daylight and we have a rather nice model tram way There is a tram there. I don't know if it's going to go or not. It'll be nicer if it did Um, I'm not sure. So he can we can have a look at the model. So you've got the tram step over here Tram running along sort of semi-rural. I think the women's be out of scale, but then you get passing some building work as a Roots coming off here tram junction passing more buildings here You can see inside to the sewing machine the ladies looking out the window If you look first hole here, you can see the end of tram line Or at least I thought you could We're gonna walk through into here now Get the engines or buses. So let's see it's showing you the pistons how bus engines would have worked And you've been down there various different types of buses And here we have another model Of this is what I sound about when the trams sort of crossed over to metro It looks like this is the end of a metro line I think you can do the same thing And put the light on so you can see it a bit better, but It seems a bit of I don't know if that's supposed to go around it seems a little slightly disappointing They're not going around but it looks like this was the end. You can see it's like a whole I get the ends of tram loops and if you look here you can see Underground station art have been really fun To watch the trams go around but or trains whatever they are metro But yeah, perhaps you won't today Give you a look out that window The snow outside So I think that pretty much brings us to the end of this video. There's one other thing More front to metro trains See this metro Train cab here if we go inside there I spotted something something else quite fun. Look at this It's got a simulator again. I'm not sure if they're showing the whole route, but yeah Has just skipped forward. We're just coming into a station. So I could watch that all day if it was the whole film So thank you very much for watching if you're in stock on do come and visit this museum It's it's at the end of metro line 13. Thank you very much. Please feel free to like, subscribe and comment. Goodbye


Prime Minister Harper, it's my great pleasure to welcome you back to Davos for your second participation here. You visit today comes just eight months after your resounding victory in national elections. Indeed, I think much to the envy of many leaders here in the audience and elsewhere, you managed actually to increase your standing in parliament passing from a minority to a majority government for the next several years. Canada has recognized for having navigated the waters of the international financial crisis in a very impressive manner. Your own personal leadership in this regard, together with the sound regulatory and business context for which Canada is so well known, have served the country very well. Prime Minister, we look forward to hearing your impressions of the current state of the global economy, and in particular the role and contribution that what many people call the Canadian model can make to improve the current economic challenges facing much of the industrialized world. Ladies and gentlemen, please welcome Prime Minister Harper of Canada. Merci beaucoup. Thank you, Professor Schwab, for that kind introduction. I also want to thank you particularly for the invitation to speak here that you extended to me earlier this year. But more than that, Professor, you have made the world economic forum an indispensable part of the global conversation among leaders in politics, business, and civil society. And in the face of continuing global economic instability, the opportunity that this gathering provides is now more valuable than ever. So I know everyone here joins me in thanking you for, in the service really of the common good, your leadership and your vision. My greetings to Ambassador Santee, to the Governor of the Bank of Canada and on internationally as chair of the Financial Stability Board, Mark Carney, to our hardworking minister of international trade, Ed Fast, and to the best finance minister on the planet, Jim Flaherty. That's an official title, he tells me. And let me just say that I'm especially proud to see so many outstanding Canadian business leaders making their presence felt here in Davos. Ladies and gentlemen, I will use my time today to highlight Canada's economic strengths and to frame the choices we face as we work to secure long-term prosperity for our citizens in a difficult global environment, and I should say instability that in a difficult global environment is likely to remain with us. As you know, Canada has gained a superior economic performance at most of the developed countries during these last few years, and it is difficult for the world economy. Forbes magazine ranks Canada as the best place on the planet for businesses to grow and create jobs. The OECD and the IMF predict our economy will again be among the leaders of the industrialized world over the next two years, and one more cherished accolade of course is that for the fourth year in a row, this body, the World Economic Forum, says our banks are the soundest in the world. These evaluations are the result of sound fundamentals. Among G7 countries, Canada has the lowest overall tax rate on new business investment. Our net debt-to-GDP ratio remains the lowest in the G7 and by far, and while we remain concerned about the number of Canadians who are still out of work, Canada is one of only two G7 countries to have recouped all of the jobs lost during the global recession. Indeed, more Canadians are now working than before the downturn. How was this achieved? Confronté à la pierre Crése économique mondiale depuis des années 30, notre gouvernement a mise en œuvre à des mesures de circulation économique parmi les plus important et les plus ciblés du G7. We made historic investments in infrastructure, we encouraged businesses to invest and help them avoid layoffs, we put substantial funding into skills training, and we extended support for workers who lost their jobs. These things we did on a timely, targeted, and temporary basis. We did not create permanent new programs or government bureaucracy. As a consequence, our deficit is now falling, our debt-GDP ratio has already peaked, and we do not need to raise taxes going forward. I should add, we also did not reduce immigration or give in to protectionism. Instead, we have maintained the high levels of immigration that our aging labour force of the future will require. We have continued as well to pursue new trade agreements, and we have taken action to make Canada among the G20 countries the first terra-free zone for manufacturers. We have established these policies because our number one priority is prosperity, namely economic growth and the creation of jobs. We have pursued these policies, ladies and gentlemen, once again, because our number one priority as a government is prosperity, that is economic growth and job creation. Now that may sound obvious, almost cliched, but is it really? As I look around the world, as I look particularly at developed countries, I worry, I wonder, and I ask whether the creation of economic growth and their four jobs really is the number one policy priority everywhere. Or is it the case that in the developed world, too many of us have in fact become complacent about our prosperity, taking our wealth as a given, assuming it is somehow the natural order of things, leaving us instead to focus primarily on our services and entitlements? Is it a coincidence that as the veil falls on the financial crisis, it reveals beneath it not just too much bank debt but too much sovereign debt, too much general willingness to have standards and benefits beyond our ability or even our willingness to pay for them? Now, I don't know, but what I do know is this. Firstly, the wealth of the Western economies is no more inevitable than the poverty of emerging ones. And that the wealth we enjoy today has been based on and only on good growth-oriented policies, the right-often tough choices, and the hard work done in the past. And second, that regardless of what direction other Western nations may choose, under our government, Canada will make the transformations necessary to sustain economic growth, job creation and prosperity now and for the next generation. That further means two things, making better choices, better economic choices now, and preparing ourselves for the democratic pressures that the Canadian economy faces. And what we must do now, first we will, of course, continue to keep taxes, tax rates down. That is central to our government's economic vision. But we will do more, much more. In the months to come, our government will undertake major transformations to position Canada for growth over the next generation. For example, we will continue to make key investments in science and technology necessary to sustain a modern competitive economy. But we believe that Canada's less than optimal results for those investments is a significant problem for our country. We've recently received a report on this, the Jenkins Report, and we will soon act on the problems the report identifies. We will continue to advance our trade linkages. We will pass agreement signed, particularly in our own hemisphere. And we will work to conclude major deals beyond it. Comme vous le savez, nous nous attendons à compléter les négociations d'un accord de libre échange avec l'Europe cette année. We expect to complete negotiations on a Canada-EU free trade agreement this year. We will work to complete negotiations on a free trade agreement with India in 2013. And we will begin entry talks with the Trans-Pacific Partnership, while also pursuing other avenues to advance our trade in Asia. I will, of course, for example, be making another official visit to China very shortly. We will also continue working with the Obama Administration to implement our Joint Beyond the Border Initiative. This is our plan to deepen our economic and security links to our most important partner. However, at the same time, we will make it a national priority to ensure we have the capacity to export our energy products beyond the United States and specifically to Asia. In this regard, we will soon take action to ensure that major energy and mining projects are not subject to unnecessary regulatory delays, that is delay merely for the sake of delay. This complements work we're already doing and that we will move forward on with the Canadian Federation of Independent Business to cut the burden of red tape for entrepreneurs. We will also undertake significant reform of our immigration system. We will ensure that while we respect our humanitarian obligations and our family reunification objectives, we will make our economic and labor force needs the central goal of our immigration efforts in the future. As I said earlier, one of the backdrops for my concerns is Canada's aging population. If not addressed promptly, this has the capacity to undermine Canada's economic position and for that matter, that of all Western nations, well beyond the current economic crisis. Immigration does help us address that and will even more so in the future. Our demographic situation also represents a threat to social programs and services that Canadians and Canadians agree to. This is why we will take important measures in the future. Our demographics also constitute a threat to the social programs and services that Canadians cherish. For this reason, we will be taking measures in the coming months, not just to return to a balanced budget over the medium term, but also to ensure the sustainability of our social programs and our fiscal position over the next generation. We've already taken steps to limit the growth of our health care spending over that period. We must do the same for our retirement income system. Fortunately, the centerpiece of that system, the Canada Pension Plan, is fully funded actually sound and does not need to be changed. For those elements of the system that are not funded, we will make the changes necessary to ensure sustainability for the next generation will not affect the current recipients. Now let me summarize, ladies and gentlemen, by saying this, that notwithstanding Canada's many advantages, we remain very concerned about the continuing instability of the global economy of which we are very much apart. The problems afflicting Europe, and for that matter the United States, are not only challenging today, but in my judgment, threaten even greater problems in the future. I mean said that each nation has a choice to make. Western nations in particular face a choice of whether to create the conditions for growth and prosperity or to risk long-term economic decline. In every decision or failure to decide, we are choosing our future right now. And as we all know, both from the global crises of the past few years and from past experience in our own countries, easy choices now mean fewer choices later. Le choix du Canada sera de façon claire et sans détour de prendre en main et de maîtriser notre avenir, d'être un modèle de confiance, de croissance et de prospérité pour le 21e siècle. Canada's choice will be with clarity and urgency to seize and to master our future to be a model of confidence, growth and prosperity in the 21st century economy. Merci beaucoup. Thank you, ladies and gentlemen, for your kind attention. Prime Minister, you have talked about all your reforms in Canada, and maybe I will come back. But if I take the context, which is so important, and as a G20 country, what, and having listened to President Calderon, quelles sont les grands objectifs que vous prévoyez pour la Réviance cette année sous la présidence du Mexique, quelles sont vos désirs au sourire? Merci. C'est toujours une bonne question. Thank you. That's always a good question. As you know very well, the G20, despite having certain constraints, it's really the only genuine forum for international governance of this global economy. I would hope the two things, firstly, that we will not at that point still be discussing the crisis in Europe, and I would have found a solution by then, and I really hope that it will be oriented towards a real economic objective, real issues I hope that the subject will be too numerous, that the approach will be focused, and that the work will coordinate the international response to the crisis, and that we will continue to implement the campaign of action, which is an important step forward. When you were last here, you proposed, and I was very impressed, a fresh approach to international relations based on the notion of enlightened sovereignty. I like very much this definition, and you defined it as a natural extension of enlightened self-interest, and which is, I quote, less about lofty promises and real results, less about narrow self-interest in sovereignty's name, than an expanded view of mutual interest in which there is no room for all to, there is room, only room, for all to grow and prosper. If you look back, is the world moving into this direction? I think that through the G20 process it is, it's slow and imperfect, but I do think broadly speaking there's a realization that we're all in this boat together. I go back to the great crisis of late 2008, early 2009, when we had this torrent of this avalanche of flood of bad news and crisis, and we very quickly found it was affecting all of us, and therefore the solutions have to engage all of us. I'm not suggesting for a second that countries won't and don't and shouldn't pursue self-interest, but I think we should always ask ourselves, and this is obviously most important to bigger the country and the more influential, are the choices we are making and the approaches we are taking, are they compatible with everyone else doing the same or similar things? Because I think if any one of us, and in particular big players, take a course of action that can only work for them, then that renders the entire system that we're all a part of, unstable and uncertain. And I do see some signs incrementally at all of these various G20 conferences that we are moving to that understanding, to actions based on them, but I don't want to exaggerate. The new world isn't completely at our doorstep. Prime Minister, when we listened to President Calderon just half an hour ago, I think many people were impressed, including myself, about the high number of people who are turned out by the universities, particularly also in those areas which are related to innovation. What is your, you spoke about innovation rapidly, but how do you want to enact really innovation? Well, there's two things. In Canada, since we came to office, we have tried to affect a bit of a shift. The reality in Canada is this, that we have actually very high level of spending of the Canadian public sector on science and technology, research and innovation. One of the matter is we don't have the private level of spending that would match that, and we haven't seen the kind of private sector results and results in commercialization that we've been seeking. So one of the first things we did when we announced our first science and technology policy was putting a substantial new emphasis on commercialization and the encouragement of partnerships between researchers and the private sector. And that, to be frank, that initially caused some pushback in the academic community, but our experience has been that Canadian academic community adapted very quickly to that, and we saw the changes we want there. We haven't seen the changes we really want to see on the private sector side. Now this is, of course, a great generalization because there's, of course, Canadian companies that are cutting edge innovators, but broadly speaking, the Canadian business side of the economy is not as innovative as it needs to be. We've done a report on that. That report has looked at a range of our expenditure and tax policies and government structures, given us some pretty sweeping recommendations. And while we don't necessarily subscribe to all the recommendations, we certainly subscribe to the diagnosis of the problem and to the nature of the kind of changes that have to be made, and we will be making those. I would say this, though, we're not under any illusion. This is a longer-term culture shift that has to happen in many segments of the Canadian economy, but we're certainly prepared to work with business to see that happen because I agree with you. It isn't just necessary for advanced economies in the future to continue to work hard and invest well and make good decisions. And the nature of our economy is we have to be innovative. We have to be at the high end of the value chain, and the innovation is going to be critical. Can you export? If I call it Canadian model, and I should tell you, Prime Minister, you know in our competitiveness report, which we publish every year, the Canadian banks rank usually as the soundest banking system, and we have seldom so many references to a statement which we are making compared with this one. Now, you have a kind of model. Can it be exported to us countries? I think some aspects are more easily exported than others. Let me give you a couple of examples. The one you asked about the banking system, you know, through the G20, through Basel III, through the work we've been co-chairing with India on international financial regulatory reform and the work, obviously, that Mark is doing through the Financial Stability Board, we are trying to encourage international practices and international forms of regulation that look very Canadian that are, I think, strong, prudential, comprehensive, but at the same time not excessive or punitive or that attempt to micromanage financial institutions. That's what we're trying to do. I think we're having some success. The part of the model that it's more difficult to export is the fact that the Canadian financial sector has a particular structure where the banking side and the insurance side are dominated by a relatively small number of large players and that enables a really comprehensive interaction of independent government regulators with the people that they are regulating and keeping that independence but also that interaction and flow of information and understanding of the real world is something that would be difficult to replicate in Europe at large or in the United States. So there are some limits but I think, broadly speaking, we can do that. Another aspect I think of the Canadian model is that, you know, I do think among certainly developed countries, we really have been for a very long time, on the cutting edge of incorporating, accepting and incorporating and benefiting from great cultural diversity. Now, I'm not sure that we have made the full use of that in terms of international trade that we really should be making of it but we certainly have, for the most part, created a society where cultural diversity has led to greater mutual understanding among people rather than to stark divisions and ghettoization of the population. That's obviously a model that it's developed because of Canada's unique history and practices over a long period of time and, well, I think it's essential in all parts of the world, especially developed economies, it's obviously not something that is easily learned or exported overnight. Prime Minister, you have here in the room some of the most prominent Canadian business leaders. If you had one wish, it's a good opportunity outside Canada to have a wish towards your business leaders. What would it be? A wish for my business leaders. For your business leaders. Well, of course, we always call them to support the government. And look, actually, Canadian business community been very good about supporting government initiatives that are helpful to the economy. Look, as they say, our biggest wish with Canadian business is just a sector that is more innovative, that is looking broader at opportunities beyond merely our own market and that of the United States. But I think in fairness, Professor, the business leaders who are represented here are probably already in that category. So our work is really with the broader business community. So you can be proud of your business community. We're very proud of them, especially when they're right in front of me. And I hope they are proud. And I hope they are proud of Prime Minister. Thank you very much, Prime Minister. Thank you. Appreciate the time. Thank you.