Canada’s Manufacturing Sector Continues To Shed Jobs

Canada’s manufacturing sector continues to shed jobs, although construction and natural resources have – so far – more than made up for the losses, Statistics Canada reported Friday.

Manufacturing, which has been hit hard by the recent appreciation of the Canadian dollar, shrank in 2005 for the third year in a row, the federal statistics agency said.The study, published in the on-line version of Perspectives on Labour and Income, examines the performance of the three sectors between 2002 and 2005. In particular, the study focuses on the resource sector in western Canada and central Canada’s manufacturing base. Manufacturers have been challenged by both a rising Canadian dollar making their goods more expensive outside the country and by foreign competition as global trade grows. Read the article here.