Alumnus Cleroux on Canada’s economy

March 1, 2016

Canada’s economy can be divided into two parts, a senior official at the Business Development Bank of Canada said on Thursday. There are the seven provinces, including Ontario, with manufacturing bases benefiting from the low dollar and high exports to the United States; and Alberta, Saskatchewan and Newfoundland and Labrador, whose economies depend on the price of oil. And with Ontario in the first part, said Pierre Cleroux, who is vice-president, research, and chief economist at BDC, it is not all doom and gloom on the economic front in the province, despite the fact that the Canadian dollar is declining, the price of oil is low and the stock market is down. Continue reading on Photo from

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