http://www.parl.gc.ca/Content/LOP/ResearchPublications/2013-68-e.htm
In 2012, Canada-Russia merchandise trade totalled $2.7 billion, comprised
of $1.7 billion in Canadian exports to, and $1.0 billion in imports
from, Russia.
The value of Canada's exports to Russia increased by 10.3% between 2011 and
2012, while the value of Canada's imports from the country declined
by 22.7%.
Russia was Canada's 18th largest export destination worldwide in 2012. In
that year, it was Canada's 43rd largest source of imports globally.
Over the 2007 to 2012 period, the value of Canada's exports to Russia
increased at an average annual rate of 7.5%, compared to 0.2% worldwide.
The value of Canada's exports to the country as a share of the value of
Canada's total exports grew from 0.3% in 2007 to 0.4% in 2012.
The value of Canada's imports from Russia decreased at an average annual
rate of 7.7% over the 2007 to 2012 period, compared to an increase of 2.6%
worldwide. The value of Canada's imports from the country as a share of the
value of Canada's total imports declined from 0.4% in 2007 to 0.2% in 2012.
At the provincial/territorial level, Quebec and Ontario together accounted
for 62.1% of the value of Canada's exports to Russia in 2012, with exports
valued at $621.6 million and $404.5 million respectively.
Over the 2007 to 2012 period, the fastest-growing provincial exporters to
Russia were New Brunswick, Manitoba and Quebec, with average annual growth
rates of 37.6%, 30.8% and 16.6% respectively.
http://www.international.gc.ca/strategy-strategie/r13.aspx?lang=eng
In the span of 17 years, Russia has gone from a state-controlled command
economy to a stable, growing and rapidly maturing market-oriented economy.
Today, it is one of the world's largest economies with a GDP of
$1.4 trillion. In 2009, however because of the financial crisis Russia's
GDP decreased by 7.9%. During the 6 previous years, due to buoyant
household demand and business investment driving output in the
construction, manufacturing and services sectors, the country enjoyed
strong economic growth (ranging from 5.6 to 8.1 percent annually). During
this growth period per capita incomes were rising and its middle class has
become a more significant force in the national economy. Russia's future
accession to the WTO, which Russia has declared it is now seeking as a
single customs bloc with Belarus and Kazakhstan, should provide better
access for Canadian products and services as well as improved rules-based
and transparent business climate. European and East Asian countries are
increasingly viewing Russia as a key economic partner. Russia's economy is
expected to rebound with the global economic recovery, in line with
outlooks in commodity prices. Russia's newly strong private sector will be
a contributing factor, with the government playing an assertive role
through regulation and public corporations. Moving forward, the country
will need foreign capital, partnerships and technology to reach its full
potential. As Russia proceeds with the modernization of its industrial and
agricultural infrastructure, opportunities will abound in transportation,
infrastructure development and industrial equipment. There are also
excellent export and investment opportunities in agriculture and agri-food,
mining, forestry, housing, and information and communication technologies.
Canadian companies wishing to capitalize on the opportunities Russia
presents face a number of challenges, however, including competition from
other foreign companies and differences in cultural and business practices.
Canadian companies operating in Russia are pleading with Ottawa to ensure
they aren't sideswiped by sanctions as the federal government puts global
security ahead of commercial interests in the region.
On Monday Prime Minister Stephen Harper said commercial interests are now
secondary in the consideration of responses to the Russian moves.
According to Kinross, the Moroshka vein near Kupol has a minimum conceptual
size of 0.4-0.6 million tonnes, grading 11.9-19.7 grams per tonne gold
equivalent.
In 2012, the amount of direct Canadian investment in Russia was $4.8
billion, up from $1.2 billion in 2010l, according to Statistics Canada.
Kinross shares were down 5.4% to $4.73, leaving a market cap of $5.4
billion, based on 1.1 billion shares outstanding. The 52-week range is
$8.12 and $4.50.
Read more at
http://www.stockhouse.com/news/natural-resources/2014/03/26/what-kinross-gold-t-k-has-to-lose-if-russia-seizes-assets-tit-for-tat-sanction#jglzpzSgHCes00Mt.99
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