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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: TheSlowLane who wrote (4985)	8/25/2003 11:26:20 AM
From: E. Charters	Read Replies (1) \| Respond to of 8273

The trouble in Canadian manufacturing business and particular one located in BC, is inking profits when these things stand in the way.. 1. high cost of money, and operating capital squeeze. 2. high salaries of Canadian workers and low output. 3. high local taxes. 4. excessive environmental regs for site and workplace. 5. government regs, fees and costs 6. high site cost and building cost 7. low tax relief for small and medium size business. 8. high shipping cost (BC is west of nowhere.) All these things are maximally adverse in BC, which is partially why it has such a low manufacturing industry. I know all kinds of manufacturing which had all kinds of markets in Ontario from metal casting to motor manufacture for retail home equipment. As soon as boom orders declined, the business had cash flow problems. And this was with ten dollar to 12 dollar an hour employees. Banks turn their backs quick, even when orders can be shown to prove cash flow. In this country there is low margin in business, unless you are near monopoly or have major contracts with large volume suppliers. EC<:-}