Two factors have thrown more attention on the export dependency of the provinces within Canada: (1) the increase in value of the Canadian dollar versus the U.S. dollar since early 2003; and (2) the impacts of the U.S. slowdown/recession on economic activity north of the border. TD Economics, in its recent Provincial Economic Outlook report, presented rankings for each province based on export sales to the U.S. and the world at large.

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