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Calling Canada a petro-state is inaccurate at ~6% of GDP. Perhaps you mean more generally a resource based economy which is largely true.
by osigurdson 5y ago
Calling Canada a petro-state is inaccurate at ~6% of GDP. Perhaps you mean more generally a resource based economy which is largely true.
- Mikeb85 5y agoOur #1 export is petroleum products by a very wide margin...
- michael1999 5y agoAs a fraction of the economy it is small, but it is large as a fraction of foreign trade, and volatile. Oil prices explain most of the moves in CAD/USD that aren't explained by diverging interest rates. - https://worthwhile.typepad.com/worthwhile_canadian_initi/2010/11/kink.html https://worthwhile.typepad.com/worthwhile_canadian_initi/201... - https://www.theglobeandmail.com/business/article-you-can-go-your-own-way-why-oil-and-the-loonie-are-breaking-up/ https://www.theglobeandmail.com/business/article-you-can-go-...