Canadian recession triggers Maine export decline

Maine and U.S. exports to Canada have taken a hit as the neighbor to the north slips into recession and its currency hits an 11-year low in relation to the U.S. dollar.

Exports from Maine to Canada are down 23.7 percent so far this year, although Maine International Trade Center President Janine Bisaillon-Cary said Friday that the figure is overstated by a sharp drop in certain fuel exports that pass into and back out of Maine.

All other exports are down about 4.2 percent so far this year, which she said is in line with the national 5.2 percent drop in exports to Canada that comes amid slow economic growth for the Canadian economy that depends heavily on minerals and fossil fuels.

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