Substitute ‘Australia’ for ‘Canada’ in this story for no loss of generality.
posted on 21 March 2011 by skirchner
in Economics, Financial Markets
(1) Comments | Permalink | Main
Indeed, although Canada’s primary resource export (oil) is considerably more supply-constrained than iron ore or coal. Indeed, an iron ore glut looms, and one of the main drivers of iron ore demand is shaky to say the least, and your CIS colleague points out:
John Lee: Haunted by China’s ghost cities
If (when?) the commodities bust comes, Canada will hurt, but Australia will hurt more.
P.S. Am I the only one that reads this blog now?