As western Canada booms, eastern provinces struggle
Sep 14, 2012 | 01:41 PM
| Michael Cowden
Tags
MSCI,
economic forecast conference,
BMO Capital Markets,
Michael Gregory,
competetiveness,
natural resources,
Michael Cowden
SCHAUMBURG, Ill. — Canada has outperformed the United States since coming out of the 2009 recession, but while resource-rich western provinces are thriving, manufacturing-oriented eastern provinces in are struggling, according to one economist.
High commodity prices since 2003 have proven to be a boon to the Canadian dollar and such provinces as Alberta, which are rich in oil and other natural resources, according to Michael Gregory, senior economist and head of Canadian rates strategy and managing director at BMO Capital Markets Corp. But a strong Canadian dollar undercuts the competitiveness of manufacturers in such areas as southern Ontario, where current high costs make auto assembly plants, for example, less competitive.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here