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  • Help us build a better Ontario September 14, 2017
    If you live in Ontario, you may have recently been selected to receive our 2017 grassroots poll on vital issues affecting the province. Your answers to these and other essential questions will help us decide what issues to focus on as we head towards the June 2018 election in Ontario. For decades, the CCPA has […]
    Canadian Centre for Policy Alternatives
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    Today CCPC-BC senior economist Marc Lee submitted an analysis to the BC Utilities Commission in response to their consultation on the economics of the Site C dam. You can read it here. In short, the submission discussses how the economic case for Site C assumes that industrial demand for electricity—in particular for natural gas extraction […]
    Canadian Centre for Policy Alternatives
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    Ontario is becoming more polarized as middle and working class families see their share of the income pie shrinking while upper middle and rich families take home even more. New research from CCPA-Ontario Senior Economist Sheila Block reveals a staggering divide between two labour markets in the province: the top half of families continue to pile […]
    Canadian Centre for Policy Alternatives
  • Join us in October for the CCPA-BC fundraising gala, featuring Senator Murray Sinclair August 14, 2017
    We are incredibly honoured to announce that Senator Murray Sinclair will address our 2017 Annual Gala as keynote speaker, on Thursday, October 19 in Vancouver. Tickets are now on sale. Will you join us? Senator Sinclair has served as chair of the Truth and Reconciliation Commission (TRC), was the first Indigenous judge appointed in Manitoba, […]
    Canadian Centre for Policy Alternatives
  • How to make NAFTA sustainable, equitable July 19, 2017
    Global Affairs Canada is consulting Canadians on their priorities for, and concerns about, the planned renegotiation of the North American Free Trade Agreement (NAFTA). In CCPA’s submission to this process, Scott Sinclair, Stuart Trew and Hadrian Mertins-Kirkwood point out how NAFTA has failed to live up to its promise with respect to job and productivity […]
    Canadian Centre for Policy Alternatives
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The Progressive Economics Forum

The IMF and the Canadian Manufacturing Crisis

A background study for the latest IMF report on Canada (see pages 42 to 51) adds further weight to the argument that the rise in the exchange rate of the Canadian dollar, driven in large part by high commodity prices, has underpinned a sharp decline in the US market share of Canadian manufacturers since 2000 and a major shift in the composition of Canadian exports from manufactured goods to energy and minerals.  This report notes that China has taken market share in the US at the expense of Canadian manufacturers without underlining the fact that China’s currency is closely linked to the US dollar ie. the high Canadian dollar puts our manufacturers at a disadvantage compared to both US domestic producers and China based exporters to the US.

Add this to the list of authoritative references which refute the view of Harper et al and the Macdonald-Laurier Institute that the manufacturing crisis has nothing to do with resource dependency and the exchange rate.

Enjoy and share:

Comments

Comment from Paul Tulloch
Time: February 15, 2013, 2:04 pm

A very thorough assessment. The report on manufacturing and exchange rate is the deepest and it must be labelled, most unbiased report than I have seen on the subject. Great technical skills by the researchers.

Comment from Jesse Prasad
Time: April 8, 2014, 10:20 am

hi guys im currently in the process of filming a documentary that touches upon Canadian manufacturing and how it is becoming destroyed by globalization.
If you are in the Toronto region and wish to participate in the documentary please msg me for details. We are currently filming a documentary, depicting the the social and economic impact of factories shutting down. The documentary will take a close look at how globalization creates wealth for developing nations but destroys the lives and people of the local market.
The documentary will also serve as a learning tool for people who care to know about the decisions made in the boardroom as to whether they should down a factory or not.

Will you be willing to participate in the documentary by discussing your take on factory closures?
We would like your expert insight that will give viewer’s a better understanding.

Here is a link to our trailer and part 1
http://youtu.be/cCitKZwROCs

http://youtu.be/qhQC5iV9XKo

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