An energy rebound combined with a surge in ores and metals is fuelling Newfoundland and Labrador's substantive export recovery this year, according to Export Development Canada (EDC), Canada's trade financing agency.
Export Development Canada (EDC)
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Partial recovery of energy prices from the abyss of early 2016 is fuelling a rebound for the province's export sector after a double-digit stall last year according to Export Development Canada's (EDC) semi-annual Global Export Forecast.
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Alberta and Saskatchewan will have lower exports this year due to depressed oil prices but will rebound in 2016 through a partial price recovery and volume gains, according to a new global export forecast released by Export Development Canada (EDC). Manitoba will also see declines in its energy exports in 2015, but gains in other important sectors will offset that and give it a modest increase in overall exports. All three provinces will enjoy export growth in 2016.