Halloween and Emerging Markets: What Scares Canadian Investors and Exporters?
October 31st, 2013
Although Canada’s most important trading partner remains the United States, major industrial investment projects announced in Canada recently tend to target emerging markets rather than the U.S. Should these projects succeed, they will alter the structure of Canada’s foreign trade and accelerate the trend toward greater geographical diversification in Canada’s exports. A few dangers might be lurking ahead, however…
The long-term growth of emerging markets, seemingly a sure thing until recently, shows signs of hesitation. Signs are difficult to decipher, however, in a world of imperfect and occasionally asymmetric information. Two examples from China help illustrate the rather perplexing situation:
Physical demand less than expected, stagnant prices: two emerging spectres haunting not only investors of today but also Canadian exporters of tomorrow.
To learn more, register for the webinar « International Systemic Risks for Canadian Resource-Development Projects ».