Why does Canada suffer when its currency rises vis-a-vis its main customer, but the Australians don’t? And why can the Australians export stuff to China, but Canada can’t?
So finally the U.S. accepts ‘premise’ of Buy American exemption for Canada, and it seems quite likely that Canadian companies will again be allowed to bid for stimulus funds in the US. Why is there even a debate? How is it possible that in the 21st century, anybody would seriously advocate Mercantilism? It seems that [...]

