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Manufacturing key to economic diversification, growth: Mulcair

Published by Brad Fougere on June 16, 2015

Canadian Manufacturers & Exporters is pleased that the three major political parties in Canada have expressed support for Canada’s vital manufacturing sector ahead of October’s federal election.

NDP leader Thomas Mulcair said today that a strong, advanced manufacturing sector and additional international markets for Canadian products and services serve as the backbone to the future health of Canada’s economy.

“We have to diversify our economy so that it can absorb the shock of falling commodity prices,” Mulcair said. “It starts by taking steps to kick-start advanced manufacturing and innovation.”

Manufacturing is the growth generator of the global economy. It drives investment, both domestic and international, is the largest source of private sector research and development in Canada and employs over 1.7 million Canadians.

The Harper government has also provided strong support in its manufacturing budget in 2015 which emphasized the need to drive innovation and capital investment in advanced manufacturing.

In addition, Liberal leader Justin Trudeau has voiced his support of Canadian manufacturers saying his party would support the growth of markets for Canadian “goods and our know-how” and support export efforts related to gaining a foothold in Europe following on the ratification of CETA.

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