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Research and Markets: Canada Freight Transport Report Q1 2012 - Port of Vancouver Tonnage throughput is Forecast to Grow at a a 2.6% Increase says Latest Study

Dépèche transmise le 6 décembre 2011 par Business Wire

Research and Markets: Canada Freight Transport Report Q1 2012 - Port of Vancouver Tonnage throughput is Forecast to Grow at a a 2.6% Increase says Latest Study

Research and Markets: Canada Freight Transport Report Q1 2012 - Port of Vancouver Tonnage throughput is Forecast to Grow at a a 2.6% Increase says Latest Study

DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/65a17c/canada_freight_tra) has announced the addition of the "Canada Freight Transport Report Q1 2012" report to their offering.

BMI are forecasting real GDP growth in Canada of 1.8% in 2012, a downgrade from their previous forecasts of 2.9%. While the economy showed signs of a slowdown in H111, with real GDP growth estimated to have come in at just 1.0% quarter-on-quarter annualised in Q211 (the slowest since Q309) compared with 3.7% in Q111 - BMI believe there will be a modest pick-up in H211 led by business investment and despite a potential slowdown in consumer activity.

Canada's external accounts will continue to be buffeted as a strong dollar pushes up imports, even as global demand for commodities maintains an elevated level of exports, both of which bode well for the country's port sector. Although BMI expect domestic consumption growth to slow, the strong dollar should maintain a high level of imports. A strong dollar would otherwise be bad for exports, but BMI note that its strength is partly due to high commodity prices; around 50% of Canadian exports are related to natural resources, including energy and metals. BMI expect external demand for commodities to remain strong. Both imports and exports should increase by 4.0-4.5% in 2012.

Headline Industry Data

  • 2012 Port of Vancouver tonnage throughput is forecast to grow 3%.
  • 2012 air freight tonnes/km to grow 0.77%, with average growth of 0.5% during their forecast period.
  • 2012 rail tonnes/km to grow 5.9%, with average growth of 5.1% during their forecast period.
  • 2012 road freight tonnes to grow 6.3%, with average growth of 5.4% during their forecast period.

Companies Mentioned:

  • Canadian Pacific Railway
  • Canadian National Railway Company
  • Air Canada Cargo
  • Teekay

For more information visit http://www.researchandmarkets.com/research/65a17c/canada_freight_tra

Business Wire

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