This industry profile provides a five-year forecast for Canada’s Chemicals Industry.
Canada’s Chemicals Industry: Industrial Profile Winter 2012
Canada’s Chemicals Industry: Industrial Profile Winter 2012
Industry Economic Analysis
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- Exports—Total exports were up 13 per cent during the first 11 months of 2011, led by an increase of 15 per cent in the key U.S. market, as global demand for chemical products picked up.
- Natural Gas Prices—Many chemicals use natural gas as feedstock. Growing supplies of U.S. shale gas are keeping natural gas prices low in North America.
- Canadian Dollar—A high Canadian dollar hurts the international competitiveness of Canada’s chemical producers, as roughly 75 per cent of domestic production is exported.
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