From the Globe and Mail:
“If commodity prices were to fall back – apart from Canada, of course – it would be a pretty good thing for most of the world because it would put purchasing power back in consumers’ pockets,” Mr. [Roger] Bootle said Monday in an interview in Toronto before an annual conference organized by Capital Economics.
Commodity producers would be hurt by lower prices for their raw materials, but accelerating growth in Canada’s largest foreign market, the United States, would boost demand for exports of Canadian goods and services, he said. “You’ve got a bit of a two-way pull there.”
Bit like the trigger point, eh?
- srbp -