6 / 10  BIS central bankers' speeches  Moreover, in keeping with the new concepts in international trade that I have been describing, our researchers have been examining Canada’s exports at an increasingly disaggregated level, down to the individual firms involved. During the recession and its aftermath, many Canadian exporters went out of business. With those firms went many of their supply-chain linkages.
Another complex set of adjustments have been playing out during the past three years, with the plunge in prices of oil and other commodities. The economic and human costs to the resourceproducing regions were huge. For Canada’s economy to continue growing, the non-resource sectors—manufacturing and services—needed to grow faster and export more.