Vol. 39, No. 3, Fall 2004
Record high oil prices will accentuate a slowdown in global economic growth, contributing to weaker demand for Atlantic exports and reducing consumer spending on non-energy items. Atlantic exporters will also be faced with a further appreciation of the Canadian dollar and softer commodity prices in non-energy sectors. Lower construction activity in the United States will reduce the demand for Canadian lumber. The United States remains Atlantic Canada’s key export market. However, many businesses in the region are seeking new opportunities in fast-growing Asian markets. This issue of Atlantic Report also provides an outlook of the Canadian economy in 2005, including topics such as interest rates, exports and business investment.
This issue of Atlantic Report provides estimated growth rates for the four Atlantic provinces, as well as an overview of the influencing factors in the global, U.S and Canadian economies.