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Report: Canadian Economy Shows Good Signs in February
March 20, 2008
Among services, only transportation planned double-digit investment growth in 2008, reflecting the growth of pipelines needed to connect the oil sands to their markets (these investments will allow pipelines to increase their capacity by one million barrels a day by 2009). Wholesale and retail trade plan modest expansions. Most other services plan little or no growth, including recreation, finance, business services, and accommodation and food. While most of these industries are not very capital intensive, this is a very muted response to growing labour shortages and the upward pressure on prices in this sector.