Chinese Economy, Not the Canadian Loonie, Explains Canada's Shifting Tradewinds

January 23, 2013

The following is excerpted from a 22 January 2013 news release by The Conference Board of Canada.

The “lost decade” of essentially no growth in Canadian exports is due less to the strong dollar and more to the rise of China and other emerging economies. A Conference Board of Canada report for the Global Commerce Centre explains how Canada’s trade has shifted this “two-gear” trade model in which the United States is relatively less important and emerging markets offer the greatest opportunity for growth.

Canada’s overall export volumes (both goods and services) changed little in the 2000s. Exports to the United States have been flat since the since the turn of the century, while exports to emerging markets grew by 80 per cent.

This release is available in its entirety at:
http://www.conferenceboard.ca/press/newsrelease/13-01-22/chinese_economy_not_the_canadian_loonie_explains_canada_s_shifting_tradewinds.aspx

Topic(s)

International Trade and Border Management

Information source

Canadian News Channel

Disclaimer

The foregoing information is provided for informational purposes only and is not intended as, nor should it be considered, professional advice or a substitute for conducting your own thorough research and review. Before making any decisions or taking any action based on the information provided, you should conduct your own independent investigation and/or seek professional advice from a qualified expert in the relevant field. The CSCB disclaims all liability for actions taken or not taken based on the information provided.

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