Canada: Economy Slows, Feedstocks Tight

Canadian chemical makers expect modest growth in 2012 due to global economic weakness, feedstock constraints, the strength of the Canadian dollar, and rising electricity and labor costs. Chemical Industry Association of Canada (CIAC; Ottawa) members expect 2012 sales to increase only 2%, to C$26.1 billion ($25.6 billion). Export sales are forecast to increase only 1%, to C$19.2 billion, while sales to customers in Canada is expected to post 6% growth, to C$6.8 billion. Operating profits are expected to fall 11%, to C$3.43 billion. Fixed capital expenditures are...

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