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Conversation with my colleague Conrad Black, I'm John Bachelor, about Canada and its prospects of doing business with China.

Conrad goes through all the materials, natural resources that Canada offers to a natural resource

poor countries such as China. Lots to do, lots of money to be made at the same time. China is not

in a position to replace the United States as a trading partner.

Here's Conrad to explain more of this tonight. Conrad Black.

You're absolutely right. We have all forms of energy, all forms of base and precious metals,

except for tropical things, all forms of agriculture and all forms of forest

products. We have all of it in almost unlimited quantity. And we have a strong corporate

sector and a long history of efficient, capable production in all of those fields. And indeed, our original trade

relationship with China, going back to the worst of the Cold War, when there were no diplomatic

relations with that country with China and either the U.S. or Canada, we sold them a great

deal of wheat and built up from there.

So all of that is possible.

It's all available and it's all suitable for discussion.

So I think there's general support of what Carney is trying to do.

But as I say, a sober view of how much China can replace the United States as an export and import market.