The economic recovery stumbled in 2015 as a fifty percent drop in the price of oil had a dramatic impact on both Canada’s energy sector and the economy as a whole. The Bank of Canada surprised everyone with a decrease in its prime lending rate to spur economic growth. This triggered a significant drop in the value of the Canadian currency (and other currencies) compared to the U.S. dollar. These developments have had a profound impact on the flow of goods between Canada and the United States. How will these forces play out over the next 12 months?
One of Canada’s leading economists will provide an economic overview of 2015 and share his insights on where the economy is headed in 2016. A leading equity analyst who follows the transportation sector will offer his perspective. Also on the panel are two Canadian trucking company owners who will share their own thoughts on the direction of the Canadian and US economies in 2016 and the implications for shippers and transportation providers as they prepare their business plans.