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Driving Investment, Jobs and Economic Prosperity

By CME British Columbia
Published May 2012

 

Manufacturing in British Columbia is vital to the economic health and prosperity of the province.

However, over the past decade, however, manufacturers across Canada, and in BC, have faced difficult challenges to maintain and expand their operations. In addition to the global economic recession of 2008-2009, manufacturers have faced the appreciation of the Canadian dollar, continued protectionist measures in key export markets, increased competition from foreign competitors, soaring input costs, and tightening labor markets. In BC, companies have also faced uncertain taxation policies with the implementation and repeal of the Harmonized Sales Tax (HST) and the introduction of the provincial carbon tax.

The ability of companies to succeed in the face of these challenges lies in their capacity to invest in people, products, and processes to drive productivity and innovation.

To read the full report please click here.

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