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Canada still has plenty of potential

Published by Steve Coleman on March 01, 2012

CIBC Vice Chairman Jim Prentice says there's no reason for Ontario's manufacturing sector to take a nosedive.

The Canadian economy could stand to benefit from Toronto's position as the country's financial capital, while there's no reason Ontario's industry can't reposition itself to produce higher-value goods to feed Western Canada's resource boom.

Other parts of the country that have the resources in the ground should also look at expanding their mining industries to feed the Asian market's appetite for growth.

The fact Canada also plans to spend money on infrastructure is another positive sign, Prentice says.

For a look at Prentice's full speech to the Toronto Board of Trade on March 1, visit the following link.



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