A new survey shows trade tensions have some Canadian manufacturers deciding to move production south of the border or delay capital investments.
KPMG Canada said on Tuesday that 42 per cent of Canadian manufacturing companies indicated they have or are considering moving production to the United States. Of those considering relocating, 77 per cent expect to make the transition within the next two years.
Anamika Gadia, partner and national leader of industrial markets at KPMG Canada, said domestic manufacturers have shown resilience over the last year, “but resilience certainly has its limits.”
