BMI View:. 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. However, in the medium-to-long term and long term, we expect that the country’s mature electricity market will see a positive but moderate rise in generation and consumption. Key drivers of this growth will be a combination of economic, demographic and industryspecific dynamics and the replacement of old and polluting power stations. Our fundamental assumptions of the market continue to be relevant, and thus our …
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