Strange Mix of Higher Growth, Lower Energy Prices Drives Alberta Export Forecast: EDC Forecast
EDMONTON, ALBERTA--(Marketwired - May 15, 2014) - A new forecast by Export Development Canada (EDC), Canada's leading provider of financing and insurance for Canadian exporters, calls for Alberta's international exports to grow by 8 per cent this year and 5 per cent next year.
The forecast notes that the energy and agri-food industries will be the main growth drivers for the province for 2014 with growth weakening in both sectors the following year. At the same time, a lower Canadian dollar will provide opportunities for price competition and increased profit margins.
