Keynote: Manufacturing Can Lead Canada's Economic Recovery

Event Time

Originally Aired - Wednesday, November 10 11:00 AM - 11:45 AM

Info Alert

Create or Log in to My Show Planner to see Videos and Resources.

Videos

Resources


{{video.title}}

Log in to your planner to join the zoom meeting!

{{chatHeaderContent}}

{{chatBodyContent}}

Resources

Info Alert

This Session Has Not Started Yet

Be sure to come back after the session starts to have access to session resources.

Event Location

Location: Center Stage


Event Information

Title: Keynote: Manufacturing Can Lead Canada's Economic Recovery

Type: Session

Badge Type: Free Conference


Description

The 2% Challenge 

The COVID-19 pandemic triggered the deepest economic recession in nearly century. And while Canada’s manufacturing sector has recovered relatively more quickly than industries like hospitality and tourism, the manufacturing sector faces several challenges that threaten both its short and long-term outlook, including ongoing supply chain disruptions, labour and skills shortages, and a prolonged investment slump. Indeed, between 2015 and 2019, Canada accounted for just 1.2 per cent of total manufacturing investment in OECD countries. By comparison, the US and Mexico’s shares were 28.1 per cent and 12.3 per cent, respectively. 

Over the next decade, Canada’s goal should be to attract at least 2 per cent of annual OECD manufacturing investment, equal to about $43 billion per year. To meet the “2 per cent challenge,” the government needs to adopt a pro-jobs and pro-growth industrial strategy that makes Canada a leading destination for manufacturing investment again. 

Join CME’s President & CEO, Dennis Darby, as he outlines the four pillars of a comprehensive industrial strategy for Canada.


Speakers


Tracks