Wednesday, 22 May 2013

Canada Freight Transport Report Q3 2013

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Canada Freight Transport Report Q3 2013
May 22nd 2013, 00:00

The outlook for growth in Canada''s freight transport sector is sluggish, with the country''s economicexpansion forecast to weaken in 2013. We remain concerned about both import and export levels. Thecountry''s freight network is well connected with the US - its largest trading partner - and it is here thatBMI highlights the greatest opportunities for growth and development.We have downgraded our Canadian GDP growth forecast for 2013 to 2.1% from 2.3%. While most of ourindividual forecasts of GDP by expenditure category remain the same, we have downgraded our real exportgrowth projection to 5.0% from 5.7%, due to the fact that the strong Canadian dollar is hurting the...

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