West Coast Shows the Way
- Apr 20, 2017
By Peter G. Hall, Vice-President and Chief Economist, Export Development Canada
It's not what you're thinking. Typically, British Columbia is lauded for its rapid, multi-faceted, diversified export profile, and its particular attraction to fast-growing Pacific Rim economies. Those features are still all in place, but recent shifts in the makeup of world growth have had a marked impact on the profile of BC export growth. Is the province still the pace-setter when it comes to diversification? In what sense is the West Coast showing the way?
First and foremost, BC is still an export growth leader. In the post-recession period, it has consistently been at the top of the pack among the provinces, duking it out with Ontario and Prince Edward Island for top honours. It maintained that top-three standing even in the wake of the recent commodity price plunge, demonstrating impressive resilience
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