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Lower Energy, Metal Prices to Mask Export Volume Growth in 2015, Says EDC

Posted November 27, 2014

Under Economic Issues, International Trade Issues

(Canadian Press)

The Canadian government’s lending agency for exporters says falling energy and metal prices will mask healthy Canadian export volumes next year.

Export Development Canada forecasts the value of exports will rise 10 per cent this year, but only six per cent in 2015. Stripping out the impact of sliding prices for resources such as oil, iron ore and copper, export volumes are expected to increase one percentage point to five per cent and stay at that level for several years.

Chief economist Peter Hall says that level of exports is an “up shift” from 2010 and would be the best stretch since before the 2008 economic recession. Read more here.