This industry profile provides a five-year forecast for Canada’s Textiles and Apparel Industry.
Document Highlights
- Exports—Exports increased in 2011 for the second year in a row. All segments, with the exception of textile mills, posted growth. This partly offset the weakness in domestic demand.
- Imports—Imports grew by nearly 8 per cent last year and have now surpassed their pre-recession level. Foreign competition will continue to challenge Canadian firms.
- Canadian Dollar—The strong dollar will continue to reduce the competitiveness of Canadian manufacturers.
