Suppose Canada Forms A Free Trade Agreement With The Netherlands

Suppose Canada Forms A Free Trade Agreement With The Netherlands

The price of crude oil is of interest to the Canadian economy, particularly the price difference between West Texas Intermediate (WTI), representative of U.S. crude oil prices, and Western Canadian Select (WCS), representative of Canadian oil sands crude oil prices. WCS oil is heavier than WTI and requires more refining. In this context, WCS is traded at a discount to WTI. As a rule, the price difference is between 10 and 20 dollars. Whether the global economic environment is stable or uncertain, several export targets and/or many different products for export can certainly help Canadian businesses thrive by assuing risk and using high-growth markets. This year`s State of Trade report also provides an update on the Office of the Chief Economist`s studies on trade diversification, both in the traditional sense and in terms of diversity among exporting firms. . . .

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