When international trade collapsed in 2009, the Canadian economy turned inward, and for a change, discovered a steady source of growth. That source is now tapped out, and economy-watchers have for some time turned their eyes back to trade. So far, the view has been uninspiring. Will Canadian trade carry growth forward, or is our hopeful gaze in for a big disappointment?
International trade will be a key growth driver for the Canadian economy this year and next. However, the distribution of export growth in Canada's provinces is anything but even. Some are leading the charge, while others are steady at the national pace. Others are lagging behind, some quite seriously. What are the key factors influencing the different growth patterns?
With such a large portion of the Canadian workforce working in smaller enterprises, their contribution to international trade is anything but insignificant. Shipping outside of Canada involves complex logistics along with a lot of other factors for small businesses to consider. If you run a small business and are looking to ship internationally, here are five key considerations.
Contrary to what you might have heard, it's impossible to judge the CNOOC-Nexen affair until the public receives some clarity regarding the list of undertakings that CNOOC has promised the federal government. And when those undertakings are made public, it's going to be pretty interesting to see what kind of measures the government required of CNOOC, a Chinese state-owned enterprise, in order to create a net benefit for Canada.
Dalton McGuinty's Green Energy Act has failed to provide the thousands of high value jobs he has spent the last two years claiming it would and Canada's reputation as a free trader is being challenged by important members of the global community. But sadly, it's Ontarians who will clean up the mess.