CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

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CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

Canadian Manufacturing Coalition pushing for urgent action in upcoming federal budget

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A federal budge that drives innovation, investment, and the adoption of advanced technologies and automation is one the four major demands the Canadian Manufacturing Coalition has of the federal government. PHOTO courtesy KUKA.

Canada’s leading manufacturing sector associations, including the Canadian Tooling and Machining Association, are calling on the federal government to support the manufacturing industry in Budget 2023 with measures that will help attract and train workers, support investment, and accelerate their transition to net zero production.

Canadian Manufacturing Coalition (CMC), which is chaired by Canadian Manufacturers & Exporters, have outlined four priorities they want addressed in the March 28 budget in addition to implementing a comprehensive industrial strategy for Canada.

These include:

  1. Support industry by attracting the workers and skills it needs through increased and targeted immigration and enhanced training supports;
  2. Drive innovation, investment, and the adoption of advanced technologies and automation;
  3. Increase domestic manufacturing production and exports;
  4. Help manufacturers adapt to and advance Canada’s climate change plan;

Canadian manufacturing is under pressure because of chronic labour shortages, “Buy American” protectionism, declining investment, weak export performance, competition from the U.S. Inflation Reduction Act, and massive costs associated with net-zero transition, the CMC says.

“Canadian manufacturers need urgent action on all these fronts to combat the threats posed to their competitiveness,” says CMC Chair Dennis Darby, President and CEO of Canadian Manufacturers and Exporters. “Investing in our sector will not only enable our manufacturers to overcome these challenges, but to thrive, and to continue to play the important economic role they have always played.”

The Canadian Manufacturing Coalition is composed of over 30 manufacturing sector trade associations and combined represents all 90,000 manufacturing companies across Canada. The manufacturing sector accounts for nearly 10 per cent of Canada’s real gross domestic product and 2/3 of Canada’s goods exports and employs 1.7 million people in Canada. Total manufacturing sales hit a record high of $718.4 billion in 2021.

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