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File photo of Bank of Canada Governor Stephen Poloz
File photo of Bank of Canada Governor Stephen Poloz
(Adrian Wyl/The Canadian Pres)

Ottawa delivers conflicting messages to exporters

If Canada’s economic recovery “hinges critically” on exports, as Bank of Canada Governor Stephen Poloz has declared, the path to better times must surely start with increased exposure to faster-growing emerging markets.

Canada’s failure to do a better of job of exploiting such opportunities might not have been so great a problem if the United States, our dominant (and vastly preferred) trading partner, had been firing on all cylinders in recent years. But that hasn’t been the case. Which leaves the question of why Ottawa is going out of its way to discourage dealings with one of the major alternatives.