EDC: Quebec exports expected to surge this year and next

[YUL]

I'm waiting for the usual suspects to put a negative spin to this article...

 

 

2015-11-26 Cape Breton Post.com

 

MONTREAL - A new forecast by the Canadian government's lending agency says Quebec's highly diversified economy is on track for a 10 per cent increase in exports this year and eight per cent growth in 2016.

 

Export Development Canada says the continued growth is being led by strong international demand for aircraft and parts, which accounts for nearly 14 per cent of the total value of Quebec exports.

 

EDC says those exports are expected to rise 33 per cent this year and another 17 per cent in 2016.

 

Metals, ores and other industrial products make up the largest sector of Quebec exports are expected to rise five per cent this year and by six per cent growth next year.

 

But the EDC says within this sector, iron ore exports remain depressed as a result of continued price weaknesses and the closure of Cliffs Natural Resources' Bloom Lake mine.

 

"Quebec has a very vibrant aircraft and parts sector and not just the big companies such as Bombardier, CAE and Pratt & Whitney, but also the many smaller firms that supply them," said EDC chief economist Peter Hall.

 

"Demand from around the world, including from emerging markets, has been very strong in 2015, and this will continue in 2016."

 

The EDC also says strong U.S. housing starts are creating demand for lumber and this is helping to drive six per cent growth in exports by Quebec's forestry sector in 2015 and four per cent growth in 2016.

 

The increase in lumber exports also helps to offset a decline in newsprint and pulp exports caused by non-tariff trade barriers in several countries and the closure of several Quebec mills.

 

"Quebec is one of Canada's more diversified export economies, both in terms of what it sells and where it sells," said Hall. "That said, most of the growth this year and next will come from the United States, where the economy is showing no signs of slowing down."

[ToxiK]

I'm waiting for the usual suspects to put a negative spin to this article...

 

Let me try:

 

-We're so poor in Québec that we need to sell our stuff outside the province because we can't afford to buy it ourselves...

 

-We export more because our salaries are so low that even China cannot compete with us anymore...

 

-The dollar is down because of Bill 101, that is why we can export so much...

 

-Our roads and infrastructures are so bad that we can only ship our production outside Québec (by boat) instead of shipping it at home...

 

-We are not exporting, products and ressources just leave by themselves because they feel unwelcomed in Québec thanks to taxes and language issues...

 

(not to be taken seriously)

[YUL]

-We're so poor in Québec that we need to sell our stuff outside the province because we can't afford to buy it ourselves...

-We export more because our salaries are so low that even China cannot compete with us anymore...

-The dollar is down because of Bill 101, that is why we can export so much...

-Our roads and infrastructures are so bad that we can only ship our production outside Québec (by boat) instead of shipping it at home...

-We are not exporting, products and resources just leave by themselves because they feel unwelcomed in Québec thanks to taxes and language issues...

 

 

You are good!

 

But sorry, you've been beaten at the line by Mark, with similarly pertinent arguments...

[andre md]

Ca me console parceque les bois-francs , beauce , cantons de l'est sont des regions tres competitive.

 

Montreal c'est autre chose. Un gros clean up est necessaire. Trop de taxes et de bureaucratie.

[YUL]

...L’indice du Baromètre des affaires de la FCEI pour le Québec... ...ayant perdu un demi-point pour s’établir à 56,5. Il se situe sous la moyenne nationale de 58,7 et nettement sous celui des entrepreneurs ontariens, qui s’élève à 63.

 

En fait, les entrepreneurs québécois sont les plus pessimistes du pays après ceux de la Saskatchewan(52,7) et de l’Alberta(37,4), fortement touchés par l’effondrement du prix des matières premières...

 

Wow, so despite above horrible pessimism level (2.2% worst than the Canadian average!!!), Quebec is still on its way to improve its exports by 10%.

 

 

What will be then the increase in exports during 2016 once that confidence/happiness level improves - after a few Xmas parties .

 

 

.

Edited November 26, 2015 by YUL