As Mexico booms, Canadian exporters benefit

The Globe and Mail ^ | 4/11/12 | KEVIN CARMICHAEL

[Ge0ffrey]

Brazil is everyone’s darling these days, but Mexico’s economy is growing faster at the moment. Mexican GDP advanced at an annual rate of 3.7 per cent in the fourth quarter and at an annual rate of 4.5 per cent in the third quarter of 2011. That left mighty Brazil eating Mexico’s dust. Brazil’s GDP grew at annual rates of 1.2 per cent and 2 per cent in the fourth and third quarters respectively. For all of 2011, Mexico’s economy expanded 3.9 per cent compared with 2.5 per cent in Brazil, according to Bank of Nova Scotia.

The Canada-Mexico story isn’t another tale of commodities. At least not entirely. Oil seeds and other agricultural products rank as the biggest exports to Mexico from Canada. But electronic equipment and machinery ranks a close second, and grew at an annual rate of 26 per cent over the past decade. Canadian companies are big investors in Mexico’s mining industry.

[mamelukesabre]

I’d like to see them boom enough to draw back their illegals.

[rovenstinez]

Actually this is happening, at this very moment.

[mamelukesabre]

Cool. Maybe when Obama kills off my job I’ll walk south and steel a mexican SS number and work there.

[hinckley buzzard]

I had read about this maybe a year ago, unnoticed behind the squalid narco-corruption and violence. Mexican economy is developing rapidly and that is good news for us. It means higher wages in Mexico and less incentive for workers to come north, as a result.

Of course much of the relative improvement is due to the failed Obama economy, but hey-- it's a silver lining, y'know?

[dragnet2]

Mexico booming?

And what is allegedly causing this?

Did they build a new tortilla factory?

Enlarge their corrupt to the bone government?

Are they joking?

[dragnet2]

You’ll have a better chance of juggling flaming chain saws while roller skating..

[dragnet2]

Well lets hope every single illegal Mexican up in the U.S. decides to go back home, because these people are the most disrespectful people on this planet, where millions of Mexicans routinely defecate on our laws, rules and borders while costing the American tax payers hundreds of billions every year.

BTW, I would never knowingly purchase anything from that corrupt, nasty disrespectful country.

[mamelukesabre]

As long as they aren’t running and have the chain removed, I’m ok with it.

[txhurl]

Oil seeds and other agricultural products

You can grow oil planting oil seeds!?!? /s

Mexico does seem to be experiencing a boom, supported by 20bil/yr remittances.

[SunkenCiv]

Thanks Ge0ffrey. Partisan Media Shills carry water for Zero's reelection campaign.

• Net Migration from Mexico Falls to Zero -- and Perhaps Less
• The US Has Finally Done It: Mexican Immigrants Become Emigrants
• The US Has Finally Done It: Mexican Immigrants Become Emigrants
• Strong border controls and a lack of jobs prompt mass emigration of illegal Mexicans from the U.S.
• Mexicans Living in U.S. Illegally Drops for First Time: Study
• Historic wave of Mexican immigration at a standstill, report says
• Exclusive: How The MSM Covered Up Fast and Furious
• Home again in Mexico: Illegal immigration hits net zero