Relatively high-cost Canadian manufacturers have been losers to globalization, which has weakened the ties that bind the NAFTA partners who are increasingly looking outside of North America for markets and suppliers, a study concludes.
Over the past two years, Canada's total exports of manufactured goods have fallen by four per cent, while those of the U.S. and Mexico, its two NAFTA partners, have increased by more than 10 per cent, says the report released yesterday by Scotiabank.
"A fundamental shift in the dynamics of global trade is under way, driven by massive currency realignments and by the rising importance of China and other low-cost nations on the international stage," Scotiabank economist Adrienne Warren said.

If the human race is to survive, it must shed itself of ideology, pseudo religion, propaganda and superstition based economic theories and accept the impartiality of long standing physical and human rights laws to control democratic decision making for the benefit of all and not become another con game in the hands of special interest classes. Ed Deak, Big Lake, BC.