Canada metal production and consumption forecast to increase helped by the weaker Canadian dollar
Canada Metals Report Q1 2014 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-17 05:32:01
Domestic consumption and exports of Canadian metal products will be supported by both Canada´s positive fundamentals and the country´s exposure to a recovering US and Mexico. With much of Canada´s metal production exported, a weaker Canadian dollar against the US dollar will encourage refined exports. Therefore, we forecast modest production and consumption growth across the Canadian metals complex through 2017.
Our forecast for strong economic fundamentals in Canada, the US, and Mexico, combined with a weaker Canadian dollar (CAD) in the coming years, leads us to forecast the Canadian metals sector will see expansion through 2017. We forecast the CAD/US$ exchange rate to average 1.05 through the end of 2013, weakening to yearly averages of 1.17 in 2015 and 1.20 in 2016, before coming back down to 1.17 in 2017.
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