In a speech at the Canada Strong and Free Network (CSFN) conference in Calgary on Saturday, the historian, commentator, and founder of the National Post discussed the country's shifting political landscape, arguing that Ottawa's treatment of Alberta's oil and gas industry could spark a crisis with severe consequences for Confederation.

Speaking about the state of the nation, Black said Canada was once highly successful but has suffered over the last decade from a net outflow of capital.

"In the last ten years, we've had net capital outflows of over $300 billion," he said.