Mining is critical to the province of Ontario in Canada. According to Ontario Mining Association, mining contributed over C$8.0 billion to GDP in 2021. The industry employed about 31,000 workers in direct employment. Many other interesting facts about the industry are in the above link. In addition to the economic benefits, the mining of metals …
The weapons industry is one of the major industries in the world. In some countries the industry accounts for a significant portion of the economy in terms of revenue, jobs and so forth. In the U.S. for example, defense companies are a source of employment for hundreds and thousands of workers. Similarly in developed Europe, …
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Equity markets do not always go up forever. Just like bull markets market crashes are also a feature of equity markets. However the good news is that stocks generally tend to recover after bear markets. So the trick for investors is not to sell out in panic when equities decline. Investors who are able to …
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Trading between the European Union (EU) and the USA in goods and services is one of the largest between major trading blocks. For instance, in 2022 the EU exported more goods to the US than it imported from the US. The below infographic also shows that generally between these two partners have increased over the …
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One of the beneficiaries of the phenomenon of “friendshoring” since the covid-19 pandemic has been our Southern Neighbor Mexico. Friendshoring is the concept of growing trade with friendly countries. When supply-chain issues became a major problem for companies recently many opted to try friendshoring by locating plants closer to home in nearby countries as opposed …
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