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SMEs key to diversifying Canadian exports: report
It’s long been conventional wisdom in Canada — especially when trade disputes have emerged over subjects such as softwood lumber and more recently, meat labeling and pipelines — that relying on the U.S. buying 70 per cent of Canadian exports had created a dangerous dependency.
Because when the economy to the south goes south, so too goes Canada’s.
The solution, though, has always been that elusive goal of export diversification: if the so-called emerging markets bought more of what Canada was selling, future American recessions mightn’t necessarily mean Canadian ones.
A laudable goal, many have said, but not all that realistic.
According to a new paper the Certified General Accountants released Tuesday, however, it could be.
Authored by Jean Michel Laurin, […]