We know that Canada exports 86% of its total to the US. So when a mill closes in Northern BC, should we in Victoria give a damn? The island has lost mills many times over and housing prices have continued to skyrocket and mill workers have gone on to find alternative work. If you live anywhere near Northeast BC, you should have no trouble finding work regardless of your skills what with the oil and gas boom going on up there.
But is this just the start of a much larger trend?
Let's play with some numbers shall we? US housing starts as of January 1, 2007 were just over 1.4 Million. That number is the lowest it has been since 1995. In Canada, where it is different, we're at 248,100 in January. That number is Canada-wide and represents 17% (roughly) of the US total. Consider the two numbers: exports at 86% and our housing starts at 17%; eerily similar gap there, don't cha think?
Canfor said the cutbacks are due to a market downturn spurred by falling housing starts in the United States.
The company's interim president and CEO, James Shepard, said Tuesday he had been directed by the company's board to cut costs "and position the company to weather this market downturn, which is the worst this industry has seen in decades." emphasis mine
How about population then? US = 301,919,275 Canada = 32,917,579 or in % = 11%. Seems to my rudimentary economics understandings, we're awfully dependant on the US markets for our economic well-being.
I'm not sure where I'm going with this analysis, but it seems to me that the inter-connectedness of our markets should not be overlooked. The next time someone says: "it's different here", do what Mohican suggests, and tell them a different story.
Just making some links from comments live.