Thursday, November 27th2.7°C
22246
24226

Canada missing out on about $40B in exports to U.S., says BoC's Poloz

OTTAWA - Bank of Canada governor Stephen Poloz says Canadian exporters are losing out on $35 billion to $40 billion in sales to the United States compared with what should be expected from the recovery south of the border.

The central banker says a "wedge" has developed between the level of sales in the United States that Canadian exporters would historically expect given the current level of economic activity in their primary market and what they are actually delivering.

Poloz adds that the difference will not be eliminated until underperforming industries improve their competitiveness or new firms take up the slack.

Poloz still expects Canadian exporters to benefit from the expanding U.S. recovery, which he says is starting to fire on all cylinders, but less so than in past recoveries.

He says Canada needs a pickup in exports in order to sustain it's recovery.

The Canadian Press


Read more Business News

24120


Recent Trending




Today's Market
S&P TSX15008.41-30.00
S&P CDNX765.38-5.68
DJIA17827.7512.81
Nasdaq4787.317+29.065
S&P 5002072.83+5.80
CDN Dollar0.8851-0.0038
Gold1193.50-3.10
Oil72.56-1.13
Lumber327.90-1.60
Natural Gas4.295+0.144

 
Okanagan Companies
Pacific Safety0.160.00
Knighthawk0.01-0.005
QHR Technologies Inc1.32-0.02
Cantex0.04-0.005
Anavex Life Sciences0.171-0.004
Metalex Ventures0.03-0.005
Russel Metals31.37-0.13
Copper Mountain Mining2.17+0.01
Colorado Resources0.12-0.01
ReliaBrand Inc0.0134-0.0001
Sunrise Resources Ltd0.045-0.005
Mission Ready Services0.34+0.015

 
23744


24120

FEATURED Property
21352845430 Old Vernon Road
10076854 bedrooms
$1,395,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Second marriage issues

It is not unusual that one or both of the parties planning to marry are approaching marriage for the second time. There are pluses and minuses to this new situation. On the plus side, individuals ente...


The last great Canadian tax shelter

A guide to how flow-through fund limited partnerships can mightily aid your tax planning!The end of the year will raise concerns among many professionals, self-employed persons, business owners and ev...


What I learned in China: Part 2

As per my previous article on my visit to China, we have much to learn about and from their people. It is potentially the largest market on earth with 1.3 billion people in one country but much will d...

_



24185

24119


Member of BC Press Council


23087