As Konrad Adenauer put it many years ago, “Die Einheit Europas war ein Traum Weniger. Sie wurde eine Hoffnung für viele. Sie ist heute eine Notwendigkeit für alle” (The unification of Europe was the dream of a few. It became a hope for many. Today, it is indispensable for all). BIS central bankers’ speeches  5
Thus, Canadian exporters are seeing their market shares for a wide range of goods drop in the U.S. market – by far the most important market for Canada – while exporters in other countries, such as China and Mexico, are gaining ground (Chart 8).