VANCOUVER, Jan. 14 /CNW Telbec/ - What will be the impact of the rising
loonie on the BC economy in 2008? How will the US economic slowdown affect BC
manufacturers and exporters? What can BC companies do to safeguard their
Those are three questions Jayson Myers, president of Canadian
Manufacturers & Exporters, Canada's leading trade and industry association,
will unveil his economic forecast for BC/Canadian industry January 17, 2008 at
the Hyatt-Regency Vancouver Hotel, beginning at 5 pm.
"Dollar appreciation has cut export production, sales revenue, and profit
margins for manufacturers and exporters across Canada. I estimate that every
cent the Canadian dollar appreciates wipes approximately $1.5 billion out of
gross profits for Canada's manufacturing sector as a whole," says Myers.
"Investment in new technologies, innovation and training are essential, but
few companies have the cash flow these days to boost spending in those
activities that are the most critical for sustaining competitiveness and
future business growth."
EVENT: BC ECONOMIC OUTLOOK/FORECAST
DATE: January 17, 2008
TIME: 5 pm (PT)
LOCATION: Hyatt-Regency Vancouver Hotel
655 Burrard Street
For further information:
For further information: Marie Morden, (613) 238-8888 ext. 4222,
email@example.com; Zena Caul, (604) 713-7803, firstname.lastname@example.org or