Rising dollar riles Canada

Knell, Michael J.
January 2008
Furniture/Today;1/7/2008, Vol. 32 Issue 18, p1
Trade Publication
The article reports on the impact of the Canadian dollar appreciation on the household furniture industry. It is noted that the rising dollar has put pressure on manufacturer's margin, especially that costs are escalating, like transportation expenses which are driven by increasing fuel charges. It also highlights the problem of increased competition from Asian factories. A discussion on how Canadian manufactures adapt to the challenging reality is also given.


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