[Verse 1] In nineteen seventy-three the world would change Canada felt the economic strain Nixon's shock had already hit the scene But oil crisis made the picture clear Prices rising, jobs disappearing The maple leaf was caught in stormy weather [Chorus] CPI climbing, unemployment high Real GDP growth saying goodbye CAD falling against the dollar sign Energy exports on the rise Seventy-three was the breaking line When the old regime left us behind [Verse 2] Bretton Woods had crumbled years before But OPEC's move shook us to the core Oil embargo sent the prices soaring Consumer price index started roaring Inflation hit like never seen Double digits on the economic screen [Chorus] CPI climbing, unemployment high Real GDP growth saying goodbye CAD falling against the dollar sign Energy exports on the rise Seventy-three was the breaking line When the old regime left us behind [Bridge] Alberta struck it rich with black gold flowing Royalty revenues started growing While eastern provinces felt the squeeze Western wealth brought some relief Canadian dollar took a dive But energy kept our hopes alive [Verse 3] Unemployment rose while prices climbed Stagflation was the sign of the times Real growth slowed to a crawling pace As we entered this new economic space The Phillips curve was proven wrong When both inflation and jobless lines grew strong [Chorus] CPI climbing, unemployment high Real GDP growth saying goodbye CAD falling against the dollar sign Energy exports on the rise Seventy-three was the breaking line When the old regime left us behind [Outro] From that storm a new era was born The maple leaf weathered but not torn Economic rules were rewritten then And we'd never be the same again
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