Tag Archives | Canada

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OECD indicators signal slower growth

The OECD’s leading indicators for the global economy suggest that GDP growth is continuing to slow. As the above chart from the American Chemistry Council shows, the OECD’s three key indicators have all slipped from H1 2010′s peaks. The composite indicator (blue) has fallen sharply to +5% from +13%, whilst industrial production (red) is down […]

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China aims to reduce imports

China has been a major beneficiary of the globalisation movement in recent years. In turn, it has become a tremendous importer of most chemicals. It accounts for up to 50% of total demand for many Asian chemical producers, and is a critical factor in most supply/demand balances. This position was already changing, however, as China […]

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Canada suspends Parliament

The downturn is starting to impact politics all over the world. As an example, take the recent sequence of events in Canada: • In October, Prime Minister Harper increased his vote, but still ended 12 seats short of a majority, after calling an early General Election • Last week, the opposition parties united against his […]

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US natural gas prices rise 65%

The US price for natural gas has risen faster than crude so far this year. It is already up almost 65%. Rising coal and oil prices have encouraged power generators to switch to gas, whilst lower Canadian exports and a tight global LNG market have helped to push prices higher. Increasing demand for ethanol will […]

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