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Manufacturing sector holds steady: StatsCan

Soaring prices for industrial products and robust demand for resource-based goods offset declines in some of Canada's key durable goods industries in 2007.

CANADIAN PRESS
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Confederation College reports that demand for workers in the mining industry is on the rise and long-term forecasts show the demand will last. The mining sector and related industries have always been among the highest paying sectors of the economy.

Overall, there was little change in both the volume and value of manufacturing sales.

Statistics Canada reports manufacturers posted a modest 0.4% increase in sales to $613.4 billion.

Sector employment fell by about 55,300 jobs and total hours worked declined 2.9%.

But the sector's labour productivity increased 1.9% last year, nearly four times the gain for the economy as a whole, and operating profits increased.


The food industry was still Canada's largest manufacturing industry last year in terms of sales. However, the petroleum and coal products industry surpassed motor vehicles for the first time to become the second largest.

ontario By the numbers

59% of all Canadian foreign venture capital flows to Ontario.

If the Great Lakes region was its own country, it would be the second largest economic unit on earth, second only to the U.S. economy and bigger than Japan, China and India.

The Canadian digital media industry is concentrated in Ontario, with Toronto representing about 40% of all firms. There are approximately 800 firms employing 18,000 people within the GTA.

Pharmaceutical R&D expenditures in Ontario doubled in the last decade to nearly $550 million, with 40% of Canada's leading pharmaceutical companies located in Ontario.



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