Canada's trade pattern is diversifying Mining can lead the way

摘要

The June 1, 2011 issue of The Globe and Mail carried part 1 of a 12 part series on export trade and emerging markets. An article based on the views of Peter Hall, Export Development Canada's (EDCs) chief economist, reveals some interesting new trends in Canada's export trade. Based on an extrapolation of recent data, the percentage of our trade with emerging markets could easily approach 35 per cent, or more, by 2020. Given the poor performance of the economies in our traditional markets, this is a good thing indeed. Our favourite trade partner has been the United States, which absorbed as much as 85 per cent of Canada's exports. This has now fallen to 75 per cent.