According to Krishen Rangasamy, analyst at National Bank Financial, whether or not Canada’s soft domestic demand in 2019 could be offset by trade will depend in part on the ability of government to remove red tape, step up marketing initiatives abroad and invest at home in roads, railways and ports to address transportation bottlenecks.
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“Failing to address such obstacles would not only restrict Canada’s ability to fully exploit benefits stemming from new trade deals and the most competitive Canadian dollar in years, but also delay the necessary “great rotation” away from tiring components of GDP such as consumption and housing, towards exports and investment.”
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