Non-energy exports By breaking down the non-energy export sector into a large number of subsectors, interesting facts and trends emerge. To start, we are discovering that there are subsectors, such as machinery and equipment, building materials, commercial services, and aircraft and aircraft parts, that are in line with fundamentals, or even doing better than their respective U.S. benchmarks.
This suggests that, as the U.S. recovery gathers momentum and becomes more broadly based, many of our exports will benefit. The lower Canadian dollar will also contribute to the recovery of these subsectors.