Gold production looking positive
A stronger Canadian dollar, lower oil prices and improving economic growth have all helped Canada’s economy get off on the right foot. The Canadian dollar rose in value in recent trading session on Tuesday morning to near 90 cents against the U.S. dollar as investors speculated on the impact theCDC 철도청 카지노 country’s manufacturing output will have on its exports.
But a few sectors may have a tougher time competing. As reported by CNBC, one big sector that’s looking better is manufacturing, which is currently the fourth fastest-growing industry in the country.
“Manufacturing is doing better than analysts expected, and there’s nothing wrong with that. It’s not like Canada was booming a few years ago,” said Kevin Millar, a vice president구미출장샵 of research at Canaccord Genuity.
Some economists have predicted that Canada’s exports to its neighbour, the U.S., will fall to $60 billion this year, down from over $70 billion last year. In the process, the country risks becoming less competitive on a global scale and hurting the competitiveness of other global competitors.
Coca-Cola said that in recent years, “there’s been a lot of talk in the U.S. that if the U.S. economy does not pick up soon, it may be the end for the export growth. The truth is it’s going to hurt.”
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