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Canada Global Economy

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Canada Global Economy
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* About the Bank * Careers * Markets * Media Room * Museum * Unclaimed Balances * Credit Conditions * Monetary Policy * Bank Notes * Financial System * Publications and Research * Rates and Statistics * Publications and Research * Announcements * Press Releases * Market Notices * Speeches * Periodicals * Research * Books and Monographs * Topic Index
Home > Publications and Research > Speeches > Transport and Logistics - Connecting Canada to the Global Economy
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Canada as a whole usually benefits when oil prices rise. As a net oil exporter, Canada gains from higher incomes in the industry, higher production and investment and the resulting spillovers to other parts of the economy. Those benefits typically outweigh the effects of more expensive gasoline on the cost of living and the effects on production costs. In recent months, this balance of costs and benefits has shifted because of an unprecedented spread between the price of oil that Canada imports and the price of oil that Canada exports—a spread that peaked at about $50 a barrel earlier this year (Chart …show more content…
To an increasing extent, Canadian businesses are part of supply chains that frequently cross and re-cross national boundaries. Such activities are also interconnected across various sectors, such as natural resources, manufacturing and services.4 Through these developments, globalization has progressively become a more pervasive feature of the production process. The increasing complexity of supply chains also means that Canadian businesses can benefit from trade with India and China, not only by selling their final products there, but by supplying and adding value to firms here at home that
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