A fascinating new study by Toronto broker Wood Gundy Inc. debunks the myth that Canada is rapidly deindustrializing as a result of free trade with the United States. “Apart from brief cyclical downswings, manufacturing has maintained a 20-per-cent share of real gross domestic product in Canada since 1975, an almost identical proportion to the sector’s size in the U.S. economy,” wrote Wood Gundy’s chief economist, Jeffrey Rubin, in an April study entitled “Is Canada De-industrializing?”By DIANE FRANCIS5 min
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