Link: Canada’s exports in a slump as per latest data
(Montreal, December 5, 2016)
• Share of Canada’s exports to GDP down to early Nafta levels
• Data portray a trading nation that’s forgotten how to trade
Canadians like to see themselves as the perennial optimists of global trade, even now as questions mount almost everywhere else over the benefits of open economies.
But it’s getting awfully hard.
The country is struggling to emerge from a 15-year slump in exports — among the worst track records anywhere. And with globalization trending in the wrong direction, it may be a bad time to look for an export recovery as governments elsewhere turn away from the free-trade ethos that’s prevailed for the last two decades.
To read complete article Go To: https://www.bloomberg.com/news/articles/2016-12-05/there-s-no-fairy-tale-ending-for-canada-exporters-mired-in-slump (Source: Bloomberg)