This industry profile provides a five-year forecast for Canada’s Textiles and Apparel Industry.
Canada’s Textiles and Apparel Industry: Industrial Profile Spring 2011
Canada’s Textiles and Apparel Industry: Industrial Profile Spring 2011
Industry Economic Analysis
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- Exports—After seven years of decline, industry exports rose by 3 per cent in 2010. Most exports are destined for the U.S., and a continued economic recovery there will support demand for textile and apparel products.
- Domestic Demand—Sales at Canada’s clothing and clothing accessories stores have been increasing since November 2009. Healthy domestic demand will provide some support for the industry.
- Canadian Dollar—The strong Canadian dollar will reduce the competitiveness of Canadian manufacturers in the near to medium term.
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