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Markets :: Industrial Gases

August 4, 2008

Canada: Pinning Hopes on the West

Rebecca Coons and Kate Phillips

Canadian chemical producers say they are bracing for a sharp drop in profitability this year amid fluctuating energy prices, a slow economy, and a rapid increase in the Canadian-U.S. dollar exchange rate. That drop, which some analysts expect to be as much as 30%, follows a record 2007. Chemical demand is also expected to continue to slide, especially if the Canadian dollar remains so strong, industry executives say....

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