The article focuses on the commodity trade in central Canada. Trade for both Ontario and Quebec rose after 2002, despite the commodity price boom and their large manufacturing base. Manufacturing output in Canada rose from 0.2% per year 2002 and 2007, despite the appreciation of dollar and energy prices.
The article offers news brief on the economic events in Canada. General Motors Corp. was bailed out with 40 billion U.S. dollars in loans from the U.S., Canadian and Ontario governments as part of a two-stage restructuring after filing for bankruptcy protection. Shareholders approved the 40 billion dollar merger of Suncor Energy Inc. with Petro-Canada Inc. Teck Resources Ltd. suspended its Highland Valley Copper operations in British Columbia due to mine problems.
Published
2009
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