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As U.S. protectionism surges, Canada implores Washington: But we're friends!

PMO Photo by Adam Scotti

In the 1980 U.S. presidential election Republican Ronald Reagan campaigned in Michigan promising to protect autoworker jobs.

A strong U.S. dollar provoked measures to protect U.S. production of autos, steel and textiles against foreign competitors who profited from domestic currency weakness through increased exports to the U.S.

In 1981 Reagan imposed "voluntary" export restraint agreements on Japanese carmakers, who were required to limit their exports to the U.S.

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Photo: Jamie McCaffrey/flickr
| February 18, 2016
Columnists

Canada's monetary policy: Capital flows while Team Trudeau sleeps

Photo: Aaron Strout/flickr

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United Technologies, a U.S. company flush with yearly profits of $7.6 billion, last week closed an Indiana air-conditioner manufacturing factory, and transferred over 2,000 jobs to Mexico.

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Columnists

How value-added exports are boosting Canada's economy

Photo: Taku/flickr

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Canadian university libraries threatened by soaring academic publisher prices

Photo: flickr/Open Grid Scheduler / Grid Engine

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Columnists

Riding the roller-coaster: What lower oil prices mean for Canada's economy

Photo: elston/flickr

Introduction

Canada's economy has been thrown into turmoil by the dramatic decline in oil prices over the last six months. World crude prices have plunged by half: from around $100 (US) per barrel in summer 2014, to around $50 today (see Figure 1). Worse yet, Canada's oil output receives an even lower price: our unprocessed heavy oil exports sell for only about $35 per barrel in the U.S. market (because of its lower quality and a regional supply glut).

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February 16, 2015 |
Canadians can expect to pay more for the price of food this year, largely due to the falling value of the Canadian loonie against the U.S. dollar.
1956 Ford Thunderbird
| January 21, 2015
Photo: the great 8/flickr
| January 15, 2015
Sunset on the Oilpatch
| January 12, 2015
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