Posted AT 10:23 AM EST on 24/07/08
Outlook darkens for Canadian exports
A brief lift in Canadian exports that's forecast for the rest of the year is just an energy price-fuelled mirage and will be followed by a decline in 2009, predicts Export Development Canada.
The strong energy sector is expected to boost export earnings by 4.2 per cent throughout the rest of the year, but this brief deviation will likely be followed by a 1 per cent slump next year.
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