Canada’s Commodity Economy

Relatively speaking Canada has enjoy economic good times these last few years when we are compared to the USA and Europe, in large part due to the geographic luck of having in demand commodities, commodities like copper, gold, and oil as well as having a regulated banking sector.

Recently, a large US commodity trader, MF Global went “belly up”. What follows is an explanation of the How and the Why and the bigger problems facing Americans. Since they are our major trading partner, there will also be consequences for Canadians.