Friday, April 08, 2011

Canada Weaning Itself From US Trade

"Even you little brother"?

The Bank of Canada has repeatedly urged exporters not to rely on the currency weakening or a rebound in U.S. spending, but to seek new markets and invest in new technology to remain competitive.


Canada relied less on the United States last year as the main buyer of its exports and sharply boosted its trade with China, Statistics Canada data revealed Thursday


The United States still accounted for 74.9% of Canada’s exports in 2010, but that was down from 87% in 2001.


Article

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