{"id":528703,"date":"2010-04-15T14:01:00","date_gmt":"2010-04-15T18:01:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:423719"},"modified":"2010-04-15T14:01:00","modified_gmt":"2010-04-15T18:01:00","slug":"economic-name-mashing-spawns-chinadia","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/528703","title":{"rendered":"Economic name mashing spawns &#8216;Chinadia&#8217;"},"content":{"rendered":"<p>In the spirit of economic name mashing that has spawned the terms, BRIC, PIIGS, and Chindia, in recent years, the folks at RBC Capital Market&#39;s have come up with &quot;Chinadia,&quot; to describe the growing relationship between China and Canada.&nbsp;<\/p>\n<p>While the near-term future of the Canadian dollar will be <font face=\"Arial\">dominated by the U.S. recovery and its impact on Canada&#39;s export activity, the future will feature China\u2019s increasingly large footprint on the Canadian economy, already reflected in recent oil sands developments, said RBC&#39;s David Watt, a senior fixed income and currency strategist.<\/font><\/p>\n<p>For some time, Mr. Watt and his colleagues have suggested Canada broaden it&#39;s customer base for energy products. <\/p>\n<p>He said Petro China\u2019s recent purchase of a 60% interest in two of Athabasca Oil\u2019s projects for $1.9-billion and China Petroleum and Chemical Group bid to buy ConocoPhillips 9% interest in Syncrude Canada for C$4.65-billion, represent clear steps in this direction.\n<\/p>\n<p>Although Canada\u2019s exports of oil to China will remain inconsequential until greater pipeline capacity that can service the Far East is available, Mr. Watt said &quot;China will not only become an important force on the price of oil received by Canadian producers and CAD, it will be an increasingly important customer.&quot;<\/p>\n<p><a href=\"mailto:dpett@nationalpost.com%20\">David Pett <\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/NP\/aggbug.aspx?PostID=423719\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the spirit of economic name mashing that has spawned the terms, BRIC, PIIGS, and Chindia, in recent years, the folks at RBC Capital Market&#39;s have come up with &quot;Chinadia,&quot; to describe the growing relationship between China and Canada.&nbsp; While the near-term future of the Canadian dollar will be dominated by the U.S. recovery and [&hellip;]<\/p>\n","protected":false},"author":4060,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-528703","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/528703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4060"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=528703"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/528703\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=528703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=528703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=528703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}