By Tracey Arial
Economic forecaster Peter G. Hall will be at the Château Royal, 3500 du Souvenir, tomorrow morning to speak to more than 150 Laval exporters.
“There are 430 Laval companies that export globally,” said Bruno Séguin the acting director of the Laval Technopole International Business Centre. “Export markets didn’t use to change significantly from year to year, but they do now. Companies need to stay up to date on what’s happening.”
The CEO’s of banks and export companies, like CDV Amerique and TerraNova, will be in the room.
They’re all looking forward to hearing the latest wisdom from Hall, who serves as vice-president and chief economist of Export Development Canada. Hall is on a “Talk Exports” tour across Canada and conducted a similar presentation at the Omni Mont Royal Hotel a week ago yesterday. His presentation will begin just before lunch and last until 2 p.m.
Attendees know roughly what to expect. In a weekly economic forecast about the latest export issue online and via iTunes every Thursday, Hall tries to explain or contradict whatever’s in the news during the previous week.
Last week, for example, he presented three signs that prices may grow in the coming months.
“First, industrial capacity has tightened, particularly in the US where strong underlying economic growth has used up most of the spare capacity that opened up during the crisis period. Second, most developed economies are facing tighter overall labour supply than prior to the crisis, thanks to the aging of their populations. Third, under-production and consumption helped to soak up pre-crisis excesses, but now they are contributing to a growing demand-deficit, which could quickly spur more inflation of both demand and prices than most consumers and businesses are really ready for. Past post-recession periods suggest there can be a short price burst as economic growth gets going again.”
Tomorrow’s presentation is likely to be just as thought-provoking.
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