OTTAWA: With Canada’s economy growing, the nation’s ports are expanding to keep pace. Ocean shipping lines continue to grapple with low freight rates and overcapacity, but Canadian port officials note the outlook remains positive for international trade as economic trends improve or remain robust in Europe and Asia. Against this background, managers of key Canadian ports are charting strategic plans for the future while recording rising cargo numbers. They are investing in new infrastructures to enhance competitiveness, to meet rising demand and generally to deliver sustainable growth. And the positive trend is continuing in 2017, aided by more stable commodity prices.
Moreover, what is no longer an open secret is the fact that current indicators show Canada leading the industrialized states in economic growth, despite some persistent risk elements such as the potential impact of a stronger Canadian dollar on exports. Some analysts consider that the energy sector has largely adjusted to lower oil prices.
