Boogerboots
09-15-2005, 07:08 AM
http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/1126787386788_477342/?hub=TopStories
For the first time, China has edged out Canada by becoming the top exporter of goods to the United States.
According to international trade data released this week, goods sold to the U.S. from Canada during July dropped by four billion dollars US from the month before. That's enough to make China the world's number one seller of goods to the U.S.
"This is perhaps the wake-up call that people need," Nancy Hughes Anthony, president of the Canadian Chamber of Commerce, told The Globe and Mail. "We have to take it very seriously and be prepared to compete."
In July, Canada sold goods worth $20.6 billion US south of the border, down from $24 billion US in June. China, meanwhile, drew $21.3 billion US for its exports to the United States, up from $21 billion US a month earlier.
Just another symptom of where the North American economy is going. If we continue down this path, it will mean dire economic circumstances for both Canada and the US.
For the first time, China has edged out Canada by becoming the top exporter of goods to the United States.
According to international trade data released this week, goods sold to the U.S. from Canada during July dropped by four billion dollars US from the month before. That's enough to make China the world's number one seller of goods to the U.S.
"This is perhaps the wake-up call that people need," Nancy Hughes Anthony, president of the Canadian Chamber of Commerce, told The Globe and Mail. "We have to take it very seriously and be prepared to compete."
In July, Canada sold goods worth $20.6 billion US south of the border, down from $24 billion US in June. China, meanwhile, drew $21.3 billion US for its exports to the United States, up from $21 billion US a month earlier.
Just another symptom of where the North American economy is going. If we continue down this path, it will mean dire economic circumstances for both Canada and the US.