Terms of Trade in Central Canada

Ryan Macdonald

Insights on the Canadian Economy from Statistics Canada, Economic Analysis Division

Abstract: This paper examines Ontario's and Quebec's adjustments to the resource boom. Higher commodity prices, an appreciating dollar, and increased foreign competition between 2002 and 2007 led to a restructuring of the Central Canadian economies. The restructuring manifested itself in all areas of the economy: manufacturing employment and output declined, while services and construction rose; within manufacturing there were declines across most industries in Ontario, and a shift away from consumer products towards capital products in Quebec; purchasing power increased in Ontario and Quebec as export and import prices adjusted.

Keywords: Prices and price indexes; Economic accounts; International merchandise trade price indexes; Gross domestic product; Income and expenditure accounts (search for similar items in EconPapers)
Date: 2008-12-11
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Citations: View citations in EconPapers (1)

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