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I was under the impression that BC and Alberta were natural resource economies which don't deal well with a high US dollar, but Ontario actually does well with
by pyre 11y ago
I was under the impression that BC and Alberta were natural resource economies which don't deal well with a high US dollar, but Ontario actually does well with a high US dollar. Also, a high US dollar makes US out-sourcing to Canada (as well as film industry on-location shooting) a great value.
- adventured 11y agoWhat threw Canada into a recession, is that they don't have enough other export offsets against the commodity & China weakness. They haven't managed to diversify their economy much in the last ten years. It has become an active topic of discussion since their economy began contraction, with everyone throwing around blame. So while the loonie has taken a hit [1], that isn't going to bump exports very much. [1] http://www.businessinsider.com/canadian-dollar-hits-an-11-year-low-2015-8 http://www.businessinsider.com/canadian-dollar-hits-an-11-ye...