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Canada Metals Report Q3 2013 - New Market Study Published.

[USPRwire, Fri Aug 16 2013] We forecast low, though positive, production and consumption growth across the Canadian metals complex through our forecast period. We believe that a weaker Canadian dollar against the US dollar will encourage refined metal exports, increasing Canada's export profile. On the domestic side, we believe solid growth prospects within the country's infrastructure and construction industries will support demand among domestic end users of metal.

A weaker Canadian dollar (CAD) and solid prospects for Canada's economy should encourage metals sector growth. Canada is a significant exporter of aluminium, nickel, and steel. We forecast the CAD/US$ exchange rate to average 0.99 in 2013, weakening to yearly averages of 1.05 in 2014 and 1.10 in 2015. A weakening of the exchange rate will help Canadian exporters and should allow the country to capture more market share. Furthermore, we forecast a general recovery in the US, leading to increased US demand for Canadian metals over the forecast period.

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On the domestic side, we see positive prospects for the construction and infrastructure sectors, boding well for steel and aluminium, in particular - the two largest components of Canada's metals sector. We forecast Canada's construction industry to see average growth of 3.5% per annum through 2017, with the country's infrastructure industry growing 4.1% on average per annum over the same time period. Additionally, we forecast growth of 4.5% on average per annum for the country's oil and gas pipeline infrastructure, a major end user of refined metals. While not immune to external economic pressures, Canada should see solid economic growth of compared to other developed markets. We forecast the Canadian economy to see average real growth of 2.1% a year through 2017, compared with 2.4% in the US. Its exposure to and trade relationships with the US should also maintain demand for Canadian metals.

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You may also be interested in these related reports:

- Sweden Metals Report Q3 2013

- United States Metals Report Q3 2013

- China Metals Report Q3 2013

- Russia Metals Report Q3 2013

- Brazil Metals Report Q3 2013

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Geographic Code:1CANA
Date:Aug 16, 2013
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