Canadian Manufacturers & Exporters

Canadian Manufacturers & Exporters

November 19, 2008 18:11 ET

Throne Speech Addresses Economic Challenges for Manufacturers and Exporters: CME

OTTAWA, ONTARIO--(Marketwire - Nov. 19, 2008) - Canadian Manufacturers & Exporters (CME) welcomed the government's commitment in today's Throne Speech to address the needs of Canada's manufacturers and exporters to create a more competitive business environment for Canada's largest business sector.

"The global economic crisis has created an unprecedented economic situation for Canadian manufacturers and exporters," says CME President Jayson Myers. "Today's speech touched on the issues that we need addressed. It's encouraging that the government is listening to us."

In Throne Speech, the federal government pledged to address many economic challenges in direct response to the requests of Canadian Manufacturers & Exporters. Specifically, it highlighted measures aimed at encouraging investment in new machinery and equipment.

"At this time of scarce credit and exceptionally tight cash flow, it's good news to see a renewed commitment to tax measures that leave more money in the hands of companies that are investing in productive, wealth-creating technologies," Myers adds. "The government understands that while we're weathering a financial economic crisis, we can't afford an industrial meltdown."

And avoiding anymore economic pain will require a strong working partnership between industry and government.

"The stakes are high and we can't afford to get it wrong. We need to work together to ensure that manufacturers and exporters, the drivers of innovation and wealth creation, emerge from this crisis more competitive, more profitable and world class," says Myers.

"We will be looking to next week's economic update to provide the leadership and the strategy to get us there."

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

The association directly represents more than 10,000 leading companies nationwide. More than 85% 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% of total manufacturing production and 90% of Canada's exports.

Contact Information

  • CME
    Jeff Brownlee
    VP of Public Affairs