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Canam sees less competition in Canada amid lower loonie, slowdown in the oilpatch

2015-02-26 20:37:09| Steel - Topix.net

Structural steel fabricator Canam Group is facing less competition from foreign firms in Canada as the lower loonie, decreased energy activity and the U.S. economic recovery prompts American rivals to chase opportunities closer to home. "These three things make the Canadian market less attractive to others and we ourselves have done OK," CEO Marc Dutil said Thursday after releasing the company's strongest fourth-quarter results in seven years.

Tags: the canada lower competition

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