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Canada: Economic Indicators Point to Effects of Strong Currency.
Byline: BARRY WHEELOCK
The Economy:
According to Statistics Canada (StatsCan), in Q4 2004 labour productivity rose at a slower than expected 0.2% compared with Q3 2004 (the worst performance since 1996 and falling far behind the US).
"In 2004, Canadian businesses recorded their worst performance in labour productivity growth in eight years as both economic activity, hit by the rising Canadian dollar, and the number of hours worked increased in tandem for a second year in a row." Statistics Canada said.
To assist farmers with declining profit from droughts and a US ban on the nation's cattle imports, Agriculture Minister Andy Mitchell ...
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