exports

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Economic Consequences of a Lower Canadian Dollar

After hovering around parity with the US dollar for three years, Canada?s exchange rate fell sharply in 2013, ending the year near 90 cents (US). Initially, the lower dollar was greeted with relief, especially for our manufacturing exporters. But as the dollar continued to slide, people became more conscious of the costs to the domestic economy of a lower exchange rate: the benefits of a weaker loonie are likely to be small compared with its costs.

Export volumes have shown little sensitivity to the exchange rate, with growth in foreign export markets their main determinant.

Manufacturers benefit the least from the lower dollar, as they use the most imported inputs. Natural resource industries profit the most. Prices will rise for important sectors of consumer, business and government spending in Canada. Energy is affected the most, where an integrated North American market sets one price in US dollars.

Putting Canada's Energy Security at Risk

When we talk about energy policy here in Canada, whether provincial or national, the discussion usually revolves around investment, jobs, revenues, and the environment. That’s generally been the terms of discussion on the recently killed Northern Gateway pipeline: who’ll get the money, who’ll get the jobs, and who’ll bear the risk. But there’s another dimension to energy policy that is often left out of the discussion, which is the idea of energy security, not only for Canada, but for the world as a whole. And decisions like Northern Gateway do little to add to Canada’s energy security.

Labeling law for beef and pork impeding Canada-U.S. trade while providing no consumer benefits

VANCOUVER, BC—A simplified Product of Canada and the USA labeling system should apply to beef and pork as well as livestock raised, processed, and traded between Canada and the United States, recommends a new study released today by the Fraser Institute, Canada’s leading public policy think-tank, and the Competitive Enterprise Institute of Washington, DC.

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Over the past two years, the Fraser Institute has surveyed Canadian companies about the incidence of non-tariff and non-quota trade barriers that companies operating in Canada face when exporting goods and services to the United States.

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