Energy trade key to Canada’s economy

We are a nation whose economy is buoyed by its exports.

Resource commodities such as oil, gas, lumber, copper and coal travel beyond our borders by rail, by road, by sea, by air, and by pipeline — supporting a large number of well-paying jobs and delivering revenue to government.

Exports of crude oil, most of it travelling to the U.S. via pipeline, accounts for roughly 20 per cent of Canada’s total net exports, Scotiabank vice-president and commodities analyst Patricia Mohr said in a recent interview.

“The size of our domestic market, in terms of what consumers can really contribute, is quite small relative to our exports,: Mohr said. “We are an exporting nation.” continue reading