We forecast Canada's mining sector will see modest growth as it remains a major global player in mining investment and production. Indeed, we see the country remaining a top 10 global producer of zinc, lead, iron ore, nickel, copper, gold, silver, uranium and potash throughout our forecast period. The country's diversified mineral deposits and consistent investment make Canada a continued destination for mining firms, while its capital markets remain a top source of funding for both Canadian and foreign firms. As a sector considered key to the Canadian economy, we expect Canada's political leadership to maintain favourable tax and regulatory policies for the sector.
We see Canada's numerous strengths as enabling continued mining industry expansion. Still, as we forecast Chinese demand growth for metals to moderate and a still fragile US economic recovery, Canada will need to grapple with a weakened external environment. However, decreasing ore quality at some major existing mines and rising costs among major mineral exporters should encourage new exploration across Canada's untapped resources. While Canada is less cost competitive on a per-unit-of-output basis compared to some developing-world exporters, its technological, infrastructure, and governance advantages makes it an attractive investment destination. We therefore forecast positive, though modest growth, of 2.4% on average per annum between 2014 and 2018.
Full Report Details at
- http://www.fastmr.com/prod/775164_canada_mining_report_q2_2014.aspx?afid=301
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Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001