Canada Shipping Report Q1 2016
BMI View: In Canada in 2016, we anticipate that the Port of Montreal will continue to lead in terms ofgrowth at 4.90%, albeit a bit lower than 2015's estimate. The port of Prince Rupert will shorten its lead interms of container throughput growth, with Metro Vancouver closing the gap. We forecast that there will beno negative growth figures in 2016 despite the knock-on effects of the slowdown in China and the possiblerepercussions on global economic instability.
Canada's economy looks set to benefit from trade with the US and increased deficit reduction in 2016, asinvestment in the country's shipping sector continues to strengthen its offering by enabling more capacityand efficiency. Growth in trade will reach a high in 2017 before settling at healthy levels over the followingfew years with import figures slightly overshadowing exports over this period. Fuel exports will lead theway in terms of key trade indicators whilst the growth over the medium term of the export of heavy metalsand agricultural materials will drive growth in the shipping sector, with much of the traffic heading to theUS.
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