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Canada’s resource sector braces for slowdown

Posted on 11 October 2012

Canada’s resource-fueled economy faces the threat of a swooning commodities market at a crucial point in the economic recovery. From Europe to the United States and especially in China, the outlook for commodities is diminishing heading into 2013, with the impact already being felt abroad.
Evidence is mounting that Canada, where commodities drive about 20 per cent of the gross domestic product, will not be spared some hardship. Canada is a major producer of potash, coal, iron ore, nickel, copper, gold, zinc and uranium, among other base and precious metals that have been hit especially hard as a decade-old commodities market starts to lose steam………………………………………..Full Article: Source


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