Canada’s freight transport sector will see a slight uptick in growth in Q114, in line with the country’s economic growth. BMI forecasts that Canada’s economy will expand by 2.4% in 2014. BMI cautions that household consumption growth will remain weak in 2014, growing at 2.0%, following a 1.9% outturn in 2012. Our core view is that households will continue to restrain expenditure amid stretched balance sheets, while income growth remains subdued, putting downward pressure on demand for imports. The picture for exports looks brighter. Canadian exports to the US, it appears as though shipments to the US are set to …
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