This industry profile provides a five-year forecast for Canada’s Chemicals Industry.
Canada’s Chemicals Industry: Industrial Profile Winter 2015
Canada’s Chemicals Industry: Industrial Profile Winter 2015
Industry Economic Analysis
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- Investment—New investments in chemicals are going largely to the U.S. Gulf Coast due to tax incentives there and permanent depreciation allowances in the United States.
- Labour Supply—The aging demographic profile in Canada suggests that retirement rates will be high in the coming years. Finding sufficient skilled labour will be difficult going forward.
- Feedstock Pricing—The abundance of natural gas in the U.S. northeast will help revitalize the petrochemicals industry in Ontario and keep costs low.
