'Rich and varied natural resources have made Canada's economy a popular trade partner for emerging countries''Our northern neighbor exports oil, gas, grains, agricultural minerals and industrial and precious metals—just about everything fast-growing countries in Asia and South America need to build infrastructure. Export Development Canada, a government agency that provides credit to Canadian exporters, forecasts 57% growth in Canadian exports to Asian-Pacific countries and lesser-but-strong growth to other emerging markets in 2011.''IF CANADA HAS A PROBLEM THESE DAYS, it's that it lives next door to the U.S., which buys 75% of its exports. A devalued American dollar makes those exports less competitive, and any weakness in U.S. or world-wide per-capita spending is quickly reflected in Canadian commodity sales. The investment story in Canada is different from the story in fellow resource-rich Commonwealth member Australia, which has tied itself more closely to China and India.'http://online.barrons.com/article/SB500014240529702045555045...-------------------------------GG Home Fool
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar<