This industry profile provides a five-year forecast for Canada’s textiles and apparel industry.
Canadian Industrial Profile: Textiles and Apparel—Winter 2018
Canadian Industrial Profile: Textiles and Apparel—Winter 2018
Industry Economic Analysis
$675.00
Production Costs—Domestic production costs are higher than those in developing nations due to higher wages, resulting in a much higher share of imports in the Canadian market over time.
Mercosur Trade Agreement—Canada’s trade talks with the Mercosur trade bloc (Argentina, Brazil, Paraguay, and Uruguay) began in December 2017. The agreement would bring Canadian producers greater access to the South American market.
Retailers—The strengthening Canadian dollar will hurt exports and make it more cost-effective for retailers to buy foreign products.
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