Canadian manufacturers are ready to grow!

Posted by on Oct 23, 2012 in News | 0 comments

According to a recent survey of nearly 650 factory executives by the Canadian Manufacturers and Exporters (CME), there are a lot reasons to be optimistic about the next three years as manufacturers plan to boost spending, hire more workers, and generate greater profits.

“That’s what I see out there – a lot of optimism,” CME chief executive Jayson Myers said in an interview. “Canadian companies have weathered the deepest recession since the 1930s, and the companies that have survived have found more market opportunities. Many of them are busier than ever.”

Two-thirds of those surveyed intend to increase spending on machinery and equipment, and more than half said they would increase spending on research and development.

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Source: Globe and Mail