Canadian Manufacturers & Exporters

Canadian Manufacturers & Exporters

July 08, 2011 15:27 ET

Manufacturing Sales, Employment Driving Growth in Nova Scotia: CME

HALIFAX, NOVA SCOTIA--(Marketwire - July 8, 2011) - Manufacturers and a strong exporting sector are driving Nova Scotia╩╝s economic growth, according to new numbers released by Statistics Canada.

The province╩╝s GDP jumped 2.1 per cent in 2010, led by an impressive 6.8 per cent gain in manufacturing. Nova Scotia companies sold $9.7 billion in goods over the same period – 45 per cent of which were exported outside Canada.

"These numbers are a promising indication that manufacturers are not only regaining ground lost during the recession, but are growing as well," explains Ann Janega, vice president, Nova Scotia, for Canadian Manufacturers & Exporters (CME). "The business community must continue to work closely alongside policymakers to ensure the ongoing stability of these trends."

As of June, manufacturers directly employed more than 34,500 Nova Scotians, representing roughly eight per cent of the total workforce. That number could spike significantly in the coming months, should Halifax-based Irving Shipyards Ltd. receive a piece of the $35 billion National Shipbuilding Procurement Strategy being touted by the federal government.

"Manufacturing and exporting are central to the health of the provincial economy," says Janega. "When you consider every dollar of goods produced accounts for more than three times that in total economic activity, it╩╝s easy to see that these industries are, in fact, the very foundation of our communities."

About CME

Canadian Manufacturers & Exporters (CME) is Canada╩╝s leading trade and industry association, and the voice of manufacturing and global business in Canada.

CME focuses on the issues that are most critical to our members - manufacturing competitiveness, US business opportunities, international markets, people and skills, energy and the environment.

Their challenges are our priorities. We offer solutions for our members through our leadership in: CME Advocacy, CME Intelligence, CME Business Opportunities, CME Best Practices and CME Networking.

Since 1871, we have made a difference for Canada╩╝s manufacturing and exporting communities. Fighting for their future. Saving them money. Helping them grow.

The association represents more than 10,000 leading companies nationwide. More than 85 per cent of CME╩╝s members are small and medium-sized enterprises. As Canada╩╝s leading business network, CME, through various initiatives including the establishment of the Canadian Manufacturing Coalition, touches more than 100,000 companies from coast to coast, engaged in manufacturing, global business and service-related industries.

CME╩╝s membership network accounts for an estimated 82 per cent of Canadian manufacturing production and 90 per cent of all exports.

Contact Information

  • Ann Janega
    Vice President, CME Nova Scotia
    Canadian Manufacturers & Exporters

    Derek Lothian
    Manager, National Communications
    Canadian Manufacturers & Exporters