Terms of trade in Central Canada / by Ryan Macdonald Macdonald, Ryan

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Macdonald, Ryan
Terms of trade - Ontario - Statistics.; Canada, Central - Economic conditions - Statistics.; Manufacturing industries - Ontario - Statistics.
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.
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