This industry profile provides a five-year forecast for Canada’s Textiles and Apparel Industry.
Canada’s Textiles and Apparel Industry: Industrial Profile Spring 2010
Canada’s Textiles and Apparel Industry: Industrial Profile Spring 2010
Industry Economic Analysis
$550.00
- Global Recovery—The industry is highly trade dependent. With many economies now recovering, demand for textiles and apparel will improve.
- Downward Trend—Production and employment levels are about 60 per cent lower than they were 10 years ago. Competition from emerging markets with lower labour costs is a key cause.
- Canadian Dollar—The Canadian dollar is expected to remain strong in the coming years, hurting the competitiveness of Canadian producers.
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