Are you looking for a stock?

Try one of these

Related Videos

Manufacturing boom bypassing Canada

Tags: Chrysler

Canada's manufacturing sector has seen better days.

A recent decision by Caterpillar to shutter a construction equipment plant in Windsor, Ontario is the latest sign that a strong currency and high labour costs are taking their toll on the manufacturing sector.

Worse still for Canadian manufacturing is that it's suffering a different fate than its North American counterparts.

"No question there is a bit of a manufacturing boom going on in North America right now, unfortunately Canada is not participating in that manufacturing boom," Reid Bigland, President and CEO of Chrysler Canada, tells BNN. "A lot of it is occurring in the United States and Mexico."

Bigland says Canadian manufacturing is being hurt by a number of factors, not just a strong currency and labour costs.

"It's beyond labour," he says. "Labour is certainly a component, [there is also] infrastructure, trade policies, taxes and of course the currency that are all challenges and are adversely effecting our competiveness today." CTV Two CTV News CTV News Channel BNN - Business News Network CP24