Posted AT 10:15 AM EST on 11/10/07
No more water and trees; economy is all about oil and minerals now
As the Canadian dollar continued to make parity look simple Thursday morning, opening at a stellar 102.33 cents (U.S.), a new study from Ottawa pointed to a quiet revolution in the nation's commodity sector that has helped push the currency aloft.
The key message in the study, conducted by Philip Cross, chief of current economic analysis at Statistics Canada, is that the old saw about Canadians being hewers of wood and drawers of water is way out of date.
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