{"id":502252,"date":"2022-07-01T10:44:58","date_gmt":"2022-07-01T05:14:58","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=502252"},"modified":"2022-07-01T12:42:37","modified_gmt":"2022-07-01T07:12:37","slug":"what-slowdown-canadas-economy-to-top-g7-on-high-oil-crop-prices","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/what-slowdown-canadas-economy-to-top-g7-on-high-oil-crop-prices\/","title":{"rendered":"What slowdown? Canada&#8217;s economy to top G7 on high oil, crop prices"},"content":{"rendered":"<p>Surging oil and wheat prices are allowing commodities exporter Canada to weather an economic storm threatening to tip many of its fellow G7 rich nations into recession. <\/p>\n<p>Russia&#8217;s invasion of Ukraine in February stranded the region&#8217;s wheat stockpiles and triggered Western sanctions on Russian crude, sending commodity prices surging. Central banks jumped in to raise interest rates to stem inflation.<\/p>\n<p>As a result, many countries face far lower growth this year than expected as they emerged from the coronavirus pandemic. <\/p>\n<p>But as the world&#8217;s No.4 oil producer and No.4 wheat exporter, Canada&#8217;s fortunes are following a different trajectory altogether. Commodities and agriculture account for about 10% of its economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Surging oil and wheat prices are allowing commodities exporter Canada to weather an economic storm threatening to tip many of its fellow G7 rich nations into recession. Russia&#8217;s invasion of Ukraine in February stranded the region&#8217;s wheat stockpiles and triggered Western sanctions on Russian crude, sending commodity prices surging. Central banks jumped in to raise interest rates to stem inflation. As a result, many countries face far lower growth this year than expected as they emerged from the coronavirus pandemic. But as the world&#8217;s No.4 oil producer and No.4 wheat exporter, Canada&#8217;s fortunes are following a different trajectory altogether. Commodities [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-502252","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/502252","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=502252"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/502252\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=502252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=502252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=502252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}