This industry profile provides a five-year forecast for Canada’s Textiles and Apparel Industry.
Canada’s Textiles and Apparel Industry: Industrial Profile Spring 2016
Canada’s Textiles and Apparel Industry: Industrial Profile Spring 2016
Industry Economic Analysis
$660.00
- Foreign Competition—Producers abroad are taking advantage of globalization and continue to threaten Canada’s productivity edge by using lower-cost labour.
- Manufacturing Wages—As manufacturing wage gains outpace gains in textile and apparel prices, industry firms will see their profit margins decline in the coming years.
- Canadian Dollar—Exports grew 19 per cent in 2015, easily the largest increase in a decade. As the loonie remains relatively low, textile and apparel exports will continue to grow, thus providing some relief to this shrinking industry.
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