Canada is the 7th largest manufacturing country as
per Global Manufacturing Competitiveness Index 2013. Manufacturers of Canada
heavily rely on resource based manufacturing. Canada has established
manufacturing industry. Canada’s manufacturers export more motor spares and
motor vehicles, aircraft, industrial machinery, electronics and
telecommunications equipment. Canadian manufacturers do more exports and its
economy depends on manufacturing exports. Canadian manufacturers’ most trading
partners are from United States.
Manufacturers of Canada enjoy several advantages in
manufacturing industry which are offered by Canadian government. Canada has
efficient regulatory environment which is favorable for business people like
manufacturers. The cost of obtaining licenses is reduced recently. There is no
minimum capital required for starting a company. Government has flexible labour
regulations for business. Canadian manufacturers have low trade or non-trade
barriers which allows for open markets. Government encourages manufacturers by
providing incentives to invest in under-developed areas in Canada.
Canadian manufacturers are blessed with abundant natural
resources like energy, forest and mineral resources. They are the leading
exporters in natural resources and resource-based technology. The major
challenge for manufacturers is to find out technically skilled labour for rapid
evaluation of technology used in manufacturing. Appreciation of Canadian dollar
affects exports by manufacturers. Canadian manufacturers are the major
contributors to the Canadian economy. They are also best in food processing,
pharmaceuticals, shipbuilding and primary metals among others.
Many of the Canadian manufacturers are utilizing latest
technology in automation, nanotechnology, robotics and bio technology. Canadian manufacturers used to invest more on research, transformation of new
discoveries into advanced products and technology. They are the global leader
in innovation and advancements.
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