Can Canada's manufacturing sector once again generate major growth for the economy as it did in the decades before oil and
other commodity prices surged to record highs?
Not exact matches
The parallels with the recent Canadian experience are obvious: the
surge in the
prices of oil and
other commodities that began in 2002 has been accompanied by a fall in employment in the Canadian manufacturing sector.
On the
other hand, China's seemingly insatiable appetite as an importer of raw materials has contributed to the
surge in world
commodity prices, including oil.
Canadian and U.S. labour productivity tracked each
other fairly closely through the 1990s, but diverged at roughly the same time as
commodity prices surged.
World food
prices posted their biggest monthly rise for four years in June, buoyed by a
surge in sugar and increases for most
other edible
commodities, the United Nations food agency said on Thursday.