BOC's Lawrence Schembri on Reuters

  • Various indicators are showing a divergence across the Canadian economy

  • Export related industries are picking up while industries affected by commodities remain depressed

  • Non-commodity exports are projected to become the main contributor to total export growth

Canada's trying to switch economic tracks between commodities and non-commodities but how far that switch will get if oil goes up another $20 remains to be seen.

Deputy Guv Schembri