Canada and the U.S. may share the world’s longest border, but Canada’s economy relies more heavily on China than the U.S. A strong Chinese economy and rising imports and exports translates into higher investment in Canada and increased demand for goods and services. This also means increased employment, additional taxes in the government’s coffers, and increased government spending. A weakening Chinese economy has the reverse effect. And has a significantly negative impact on commodities and oil prices. That’s because China has an insatiable appetite for Canadian natural resources. This, combined with a stronger Canadian dollar, makes it more difficult to compete. In 1997, China accounted for just 0.7% of Canada’s exports and 1.9% of imports. Today, China’s bilateral trade with Canada is roughly 10 times what it was in 1997.3 Where it was once said, “as the U.S. goes, so goes Canada,” today, it’s “as the U.S. and China go, so goes Canada.” If the Chinese economy continues to cool, the effects will be felt coast to coast in Canada and will drag the stock market down with it.
Also Chinees are bringing moneyto canada to invest into property, which held the Canadian Housing market from a crash in 2008 and which continue to push deman and prices on property moving up. They help to keep constrction and labor market busy in Canada. Not good for Canadians planing to buy property, ye, good for the economy. Weaker China may impact Canadian Housing and Construction market as well. Canada depends on many thingths from China...
I order lots of camera and electronic accessories from China through Ebay. If you don't mind waiting a few weeks for delivery the prices just can't be beat.
I think you might want to check your facts again. Canada exports about 400BN to the US and 20BN to China. If I recall, about 2/3 or 3/4 of all exports from Canada go to the U.S. The growth of exports to China might be growing the fastest but when you start from 0 or 1, it's easy to double your efforts to 2 and achieve 100 percent growth. It looks good on paper but that is about it. I agree that if things slow down in China (and they have) it will impact Canada and its demand for resources (minerals etc.). But your biggest export is oil and the price/demand of oil has the greatest impact, not lumber, copper or Camaros (made in Quebec).
Chinese slowing down also has good effect on canada. Chinese economics slows down -> More rich chinese imigrate to Canada -> Buy houses and Invest in Canada. In other words, money went out from china to Canada / Us/ Australia because of poor situation of chinese economy.
We see slow down in Chines economy, yet, Chines economy i still much stronger than Canadian and Australian. Slow down only means drop in GDP grow. Still their GDP is above Canadian GDP, Still their export exceed their import. China is still more attractive than Canada for investment. Neither Apple nor Microsoft are considering moving their production from China to Canada or Australia...