Economic Strategy

CME: Growing the economy through the manufacturing sector will make Canadians better off

OTTAWA (September 23, 2019) – Manufacturing jobs offer rewarding, stable and full-time employment to 1.7 million Canadians. CME is calling on the next government to remove the restraints on the industry so it can expand, power Canadian economic growth, and have a positive impact on Canadian families.

According to recently released economic data by Environics, the net worth of the average Canadian household fell for the first time in almost a decade. “Affordability is quickly becoming an important issue in the federal elections. A strong manufacturing industry is key to help grow the economy and create more good paying jobs,” said Dennis Darby, President & CEO of Canadian Manufacturers & Exporters.

Statistics Canada data shows that manufacturers pay almost 10 per cent above Canada’s average wage making it the second highest-paying sector in the country. By supporting the manufacturing sector the next federal government can ensure more Canadians take advantage of this opportunity.

“It’s time we stop thinking about how we divide the economic pie by promising new programs and spending and start making a plan to grow the pie by boosting the economy,” added Darby. “Giving manufacturers the business conditions they need to generate growth and, to compete globally will ensure this huge sector remains the engine of our economy.”

ABOUT CME

Canadian Manufacturers & Exporters (CME) advocates for and represents 2,500 leading manufacturers that operate across Canada. Manufacturing moves Canada and is the engine of the economy. Canadian manufacturers collectively employ 1.7 million Canadians and is responsible for two-thirds of Canada’s export sales. The sector is growing rapidly. In 2018, the sector reached a new all-time high of $685 billion in sales. CME advocates policies that will allow Canadian manufacturers to compete effectively in the global economy.

FOR MORE INFORMATION

Stefi Proulx
Director of Communications
Canadian Manufacturers & Exporters
C:  613-292-6070 | stefi.proulx@cme-mec.ca | @CME_MEC