Thursday, 16 May 2013

Canada Shipping Report Q3 2013

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Canada Shipping Report Q3 2013
May 15th 2013, 00:00

BMI maintains its broadly optimistic outlook for the Canadian port sector, but we remain concerned aboutimport and export volumes. A slowdown in private consumption should lead to weaker import growth in2013. Meanwhile, a renewed US recession would severely dampen Canadian exports and we could easilysee the contribution from net exports turn negative in the next year or two.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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