Geography 2010A/B Chapter Notes - Chapter 5: Great Lakes Areas Of Concern, Hudson Bay Lowlands, Lake Ontario
2 Mar 2017
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The impact of these 4 factors resulted in high unemployment rated that were at 9% in. 2009 above the national average of 8. 3: professor glen norcliffe warned about the risks of a heavy dependence on the. In 2012, the us economy shows signs of pre-2008. Second impact to ont economy was the globalization of trade: china syndrome where manufacturers cannot match the production costs found in china and other low-wage countries causing a decline of workers and manufacturers in us and can. Third was the loss of the low canadian dollar which kept the price of exports to the us at low levels. In 2002 can dollar was valued at 64 cents to the us: 2010 the can dollar had reached partly with the us dollar but slightly below in. 2013: petro-dollar impact or dutch disease the days of a low canadian dollar are gone making cross-border manufacturing more costly and less attractive for locating new plants in ont.
