Gains from Trade for Canada’s North: The Case of a Northern Infrastructure Corridor ...
In the 19th century, building the Canadian Pacific Railroad was a crucial element for successful and profitable trade between populated and developing portions of southern Canada. In the 21st century, that crucial element could be a northern corridor that eases east-west trade through Canada’s North...
Main Authors: | , |
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Format: | Article in Journal/Newspaper |
Language: | English |
Published: |
The School of Public Policy Publications
2018
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Subjects: | |
Online Access: | https://dx.doi.org/10.11575/sppp.v11i0.43342.g31038 https://journalhosting.ucalgary.ca/index.php/sppp/article/view/43342/31038 |
Summary: | In the 19th century, building the Canadian Pacific Railroad was a crucial element for successful and profitable trade between populated and developing portions of southern Canada. In the 21st century, that crucial element could be a northern corridor that eases east-west trade through Canada’s North. Two recent Senate reports, supported by federal Transportation Minister Marc Garneau, concluded such a project could “unlock significant economic opportunities for our Country.” We explore this possibility. Canada’s North relies heavily on imports for many important goods and services, especially manufactured products, agricultural goods, and professional and scientific services. While imports account for 28 per cent of spending for Canadian provinces, that figure stands at 35 per cent for the Yukon, 39 per cent for the Northwest Territories and 40 per cent for Nunavut. Exports are also critical, especially for the Northern resource sector, which exports 80 per cent of production compared to 66 per cent for the ... : The School of Public Policy Publications, Vol 11 (2018) ... |
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