Resource-based provinces account for 1/4 of economy

The Montreal Gazette interviews Statistics Canada’s chief economic analyst, Philip Cross, who says that Canada’s resource-based provinces now constitute almost a quarter of the country’s economic activity. Statistics Canada said Tuesday that as of 2010 the economies of Alberta, Saskatchewan, and Newfoundland and Labrador contributed 22 per cent of the country’s gross domestic product – representing a rise of 4% from the year 2000. According to the report, GDP rose in every province and territory in 2010, a rebound from 2009, when the economies of most provinces declined or posted no gains.

Source: The Montreal Gazette

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