Canadian leather and textile set to decrease - sportstextiles: Lea SportsTextiles

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Canadian leather and textile set to decrease

27/10/2006

A new report has been released by the BMO Financial Group Economics in relation to Canadian industry for the 2006-2007 period. The report indicates that oil and gas services will see the biggest increase in the year. However, according to assistant chief economist Earl Sweet, other industries may be negatively affected by high commodity prices, slower growth in consumer markets, the strong dollar and increasing competition in manufacturing

Structural adjustments in the manufacturing sector during in the next couple of years are expected to hamper the performance of industries such as furniture, clothing, textiles, and motor vehicles. Output of textiles, clothing and leather will continue to recede due to intense international competition.


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