This industry profile provides a five-year forecast for Canada’s Professional Services Industry.
Canada’s Textiles and Apparel Industry Canadian Industrial Profile Spring 2009
Canada’s Textiles and Apparel Industry Canadian Industrial Profile Spring 2009
Industry Economic Analysis
$525.00
- Commodity Prices— Falling cotton prices and a drop in petroleum product prices (which should lead to lower prices for man-made fibres) are lowering industry material costs.
- Global Slowdown—The industry is highly trade dependent, with 45 per cent of production being exported. With many economies now in recession, demand for textile and apparel is suffering.
- Canadian Dollar—With the dollar now hovering around US$0.80, the competitiveness of Canadian exports has improved.
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