Comment 2129

By adrian (registered) | Posted November 14, 2006 at 16:02:01

From the Globe and Mail:

"Canada's manufacturers are turning up the heat on Ottawa to help them out of their deep economic troubles, but the wish list is surprisingly timid given the extent of their woes.

That's probably because there's little that the federal government can do about the underlying cause of most of their troubles, economists say."


"Manufacturing in most developed countries has been under intense pressure for the past few years because of the rise of cheaper competition in China, but Canada faces some unique issues, Mr. Porter said. In the short term, Canada is particularly exposed to the slowdown in the U.S. economy, he said. In the medium term, the quick appreciation of the Canadian dollar is a serious issue other countries' manufacturers don't have, he added."

Why not invest more in local businesses that are not as vulnerable to these issues? Jack Santa-Barbara's piece on Community Economic Development makes a compelling case:

Permalink | Context

Events Calendar

There are no upcoming events right now.
Why not post one?

Recent Articles

Article Archives

Blog Archives

Site Tools