Canada: Export Pressure to Continue

Canadian chemical producers expect sales values to post a modest increase of 2% in 2010, with overall sales volumes remaining unchanged from very low levels in 2009, according to results of a survey conducted by the Canadian Chemical Producers Association (CCPA; Ottawa). Sales to domestic customers are expected to increase by 2.2%, but are dependant on the “very tepid recovery holding and gathering steam.” Respondents predict exports sales will fall by 4%, to C$12.25 billion ($11.8 billion). A strong exchange rate, weakness in the automotive and pulp and...

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