immigrantscanada.com

Independent topical source of current affairs, opinion and issues, featuring stories making news in Canada from immigrants, newcomers, minorities & ethnic communities' point of view and interests.

Doug Porter

Doug Porter: Okay, thats an exaggeration, but if things keep going the way they are, it won't be for long, according to Huffington Post. But dig a little deeper into the data, and what you see is a story of two different export sectors. As BMO chief economist Doug Porter put it in a client note Friday morning, there is energy doing just fine and there is everything else doing anything but fine and Canada no longer knows how to sell anything to the world except oil and gas. StatsCans latest numbers on Canadas trade balance, released Thursday, look positive on the face of it: Exports and imports both grew, and Canadas trade deficit with the world shrank by more than half, to $435 million. (www.immigrantscanada.com). As reported in the news.