Carney looks east for export growth

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The governor of the Bank of Canada, Mark Carney, said in a speech on April 2 that Canadian exporters must focus on the emerging markets to grow the country's exports.

Speaking to the Greater Kitchener Waterloo Chamber of Commerce in Ontario, the governor said Canada's share of world exports had been declining since the start of the millennium. Canada's export performance as a share of global markets has been "the second worst in the G-20", Carney said.

Carney discussed the causes of this and

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