CANADA NEEDS A STRONG AND GROWING MANUFACTURING SECTOR
Canada has the opportunity to reshape our economic landscape and future prosperity over the coming months.
Manufacturing Our Future is a framework and a starting point for a new industrial strategy for Canada that can take us from crisis response to economic prosperity.
With the right conditions, a strong, innovative, and resilient manufacturing sector can help drive Canadian prosperity and respond to any future crisis.
Leveraging Canadian manufacturing for long-term prosperity
“Manufacturing our Future” offers a three-phase strategy for governments to ensure Canada’s manufacturing industry survives the COVID-19 crisis, recovers strongly, and thrives over the long-term.
PHASE 1: RESPOND
- Fix outstanding access issues with the wage subsidy and the commercial rent subsidy programs.
- Implement a rapid arbitration process for companies who were denied access to relief programs.
- Spur consumer spending through “Cash for Clunkers”, a home renovation tax credit, and a three-month sales tax holiday.
PHASE 2: RECOVER
- Develop and support a Made-in-Canada strategy to boost sales of Canadian-made goods at home and abroad.
- Increase infrastructure spending and leverage government procurement by basing purchase decisions on total economic value to Canada, not just price.
- Encourage business investment by re-funding investment support programs and grant programs.
PHASE 3: PROSPER
- Improve Canada’s global investment competitiveness by lowering the cost of doing business.
- Implement a value-added natural resources development strategy.
- Through procurement, encourage the development, production, and commercialization of new health care technologies.
- Develop policies that support SME export and scale up.
- Conduct a full mapping of Canada’s domestic manufacturing capabilities.
- Strengthen North American manufacturing by leveraging CUSMA.