A Canadian consulting firm warns that
Manufacturers must adopt more advanced and leaner business practices, possibly outsourcing more of their production, to survive the current profit crunch in a "new industrial age,"
How is manufacturing industry in Canada doing? I am surprised to know that since the loonie began its ascend in 2003 quarter a million of jobs are shed. In the last 4 years Canadian export is considered more costly and less competitive. Add to that, shortage of skilled workers. In 2004 it was one in four firms and now it is almost forty percent. There is also not so supportive government rules which is making the scene worse.
Photo: Canada.com
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