BMI View: Our Q3 forecasts for Canada’s renewables industry remain virtually the same from Q2 as our key view of the market remains in place. External headwinds and a slowdown in domestic consumption continue to weigh on Canada’s economic performance. With power demand highly correlated to economic activities, we estimate that the power generation contracted by 0.3% in 2012. Owing to a combination of economic, demographic and industry-specific dynamics, we also anticipate that the country’s mature electricity market will see a positive but moderate rise in generation and consumption in the medium-tolong term. The replacement of old and polluting capacity …
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