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Look Up - Waaay Up (North) - May 16, 2013
By Peter G. Hall, Vice-President and Chief Economist, Export Development Canada
International trade will be a key growth driver for the Canadian economy this year and next. However, the distribution of export growth in Canada's provinces is anything but even. Some are leading the charge, while others are steady at the national pace. Others are lagging behind, some quite seriously. What are the key factors influencing the different growth patterns?
On top of the heap are British Columbia and Nova Scotia. Surging forestry exports are a big reason that BC will see 12 per cent growth this year and a further 11 per cent in 2014. Wood shipments to the reviving US market will add to the robust increase in exports to China. BC will also get a solid boost from mineral exports, thanks to new mining production
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