Quote:
Originally posted by dd74
Very true. How is the inability for the U.S. automakers to get their act together hitting Canada's economy? Is there any effect?
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We have been pretty lucky, Canadian plants of the North American Big 3 seem to have a pretty good record of hanging onto production and assemblies.
The Canadian economy (and population for that matter) is equivalent to the state of California to give perspective, but our GDP is increasingly skewed to oil/gas with current values in those commodities. Resources (and more & more - oil sands futures) are keeping the Canadian economy humming and continue to grow our trade surplus with the US. On the other hand, although Canada continues to be the US's largest trading partner, China may soon eclipse US as Canada's largest trading partner.
These are interesting times with world economies (and cultural conditions) so reliant on the certainty of supply and cost of energy commodities. Can't help but think we're on the cusp of some kinda shift.