Markets :: Basic Chemicals :: Petrochemicals :: Ethylene
Canada: Pinning Hopes on the West
3:47 PM MDT | August 4, 2008 | Rebecca Coons and Kate Phillips
Canadian chemical producers say they are bracing for a sharp drop in profitability this year amid fluctuating energy prices, a slow economy, and a rapid increase in the Canadian-U.S. dollar exchange rate. That drop, which some analysts expect to be as much as 30%, follows a record 2007. Chemical demand is also expected to continue to slide, especially if the Canadian dollar remains so strong, industry executives say....
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