Industry In Canada

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Leather Industry in Canada By having a glance at Canada’s economy and what today’s GDP data show, the outcome seems horrifying. The Globe and Mail published March 31, 2015 by Michael Babad reported that Canadians would be facing an awful economic year in the first quarter as Stephen Poloz warned. “January is set to start the year off with a whimper, a sign of things to come in what is likely to be a disappointing Canadian economy in 2015,” quoted Nick Exarhos of CIBC World Market. He also mentioned the weak displaying and presenting in retail and manufacturing regions, which dropped 1.7% in January, while he believes Canada is not starting a recession. Due to the oil shock, workers in energy companies are under the pressure of being …show more content…
According to Sharon Boyer, an industry analyst in the manufacturing, construction and energy division, there is a decline in Canada’s Leather and Allied Products Industries, Major Group 17 since 1997 reported on Statistics Canada. Major Group 17- Leather and Allied Products Industries are divided in 4 groups and they are SIC 1711, SIC 1712, SIC 1713, and SIC 1719 each with a definition. SIC 1711 or Leather Tanneries is a stage where leathers from all kind are being transformed from raw materials to a finished product through cleaning, grooming, and finally coloring. SIC 1712 or Footwear Industry is a stage where footwear is made from processed leather. SIC 1713 or Luggage Purse and Handbag Industry is a stage where carry-on luggage, purses and handbags of leather, plastic, textile or some other materials are manufactured. SIC 1719 or Other Leather and Allied Products Industries is a stage where products usually associated with leather are manufactured. Leather coats could be one, made of leather and other materials may …show more content…
According to the relatively high demand for winter boots during 1997, Canadian products failed to meet the demand, since majority of people were seeking for imported products. Although Canadian dollar at a low value could speed up the exports, raw materials imported to Canada increased prices, especially footwear. Since leather products such as designer handbags, carry-on luggage, shoes, boots; etc. are currently considered luxury goods; there is an increasing demand for owning them. Canada’s Leather Industry should be aware of the current trend and try to produce leather goods in a way to meet the demand and catch up with today’s fashion. In addition, employees who work for leather production should be paid fairly in order to be more productive so they can reach the maximum capacity of manufacturing leather

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