Recently Canada’s prime minister Steven Harper visited China and showed the openness and willingness of the Canadian government about the trade with China.
Canadian prime minister Steven Harper and Chinese president Xi Jing Ping
As Chinese economy has been growing rapidly along with its investment opportunities over the past couple decades due to Chinese growing urbanization, more investors started to realize Chinese enormous business opportunities and started to invest vastly in Chinese market. As a result, Chinese market has become extremely revenue attractive(market forces) and the number of its stakeholders has also increased rapidly. Even Canada government has realized and started to value the closer business ties with China regardless their different political ideologies.
One of the examples that reflects the tremendous opportunities in Chinese market is that the Canadian prime minister went to China and proved the openness of the Canadian government about trade with China. This encouraged the growth of the trade investment between these two big countries.
In my view, these close trade tie will not only create job opportunities in Canada, but also boost the country’s economy as more Canadian companies can trade actively and frequently with Chinese companies under the new economic negotiation.
In addition, the new economic policy for both Canada and China allows Canadian businesses to get easier access to Chinese market as they can trade with Chinese without the extra currency conversion to US dollar first before to yuan.
I think this is one of the example how a change in macro environment, specifically in this scenario the political and economic factor, can affect economy and businesses significantly.
http://www.investopedia.com/articles/07/invest_china.asp?rp=i
http://www.worldbank.org/en/country/china/overview
https://web.stanford.edu/class/cee320/CEE320B/Seto.pdf