Decline in Manufacturing Sales for December 2012
A recent survey completed by StatsCan indicated a 3.1% decline in sales for the manufacturing industry in the month of December 2012. The total manufacturing sales in December was $48 billion. The chart below illustrates Canadian manufacturing sales since 2007 in current dollars. The transportation equipment industry suffered the highest percentage decrease in sales compared […]
The Correlation Between Lower Business Taxes and Employment
“It’s time we get the facts on the table. Business investment has been a key driver of economic and job growth over the past five years, and lower taxes have contributed significantly to that growth.” This statement, made by CME President and CEO Jayson Meyers, summarizes a recent analysis done by the Canadian Manufacturers and […]
Internship Funding Assists With Canadian Business Innovation
There exists a vast resource of bright young Canadian graduate students and researchers that companies have difficulties tapping into. Internship programs, such as Mitacs – Accelerate, provide a bridge for companies to gain access to these valuable resources to assist in the R&D needs of the company. On top of acquiring a highly educated graduate student […]
Exporting to New Emerging Markets
The current emerging economies that businesses are aspiring to export to are Brazil, Russia, India and China or more commonly known as BRIC. However a recent article in the Toronto Star indicates that Mexico and other Latin American countries are the new hot markets businesses should be pursuing. Cited from research done by Canadian Manufacturers […]
R&D Spending On Upward Trend
StatCan recently released a report indicating the direction research and development (R&D) spending by businesses in the industrial sector has been going over the past several years. With anticipated spending of $15.5 billion in industrial R&D in 2012 (an increase of 0.9% from 2011), there is a positive outlook for R&D spending for the new […]
SMART Prosperity Now Initiative Assists Canadian Manufacturers
FedDev Ontario and the Canadian Manufacturers and Exporters’ (CME) SMART Prosperity Now initiative provides a crucial source of funding for small and medium-sized enterprises (SMEs) to improve the productivity of their manufacturing facility and expand their reach into global markets. With $40 million dollars in funding, SMART Prosperity Now strives to help Southern Ontario manufacturers […]