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Manufacturing is a knowledge-intensive business. Manufacturers invest more in new technologies, machinery and equipment, and the construction of production facilities than any other business sector in the country. Canadian manufacturers invested over $26 billion in research and development, new technology, and production facilities in 2003. That same year, they accounted for 62% of all private sector research and development spending in Canada.

A prosperous manufacturing sector is critical to Canada’s economic future, and to the lives of each and every Canadian. Our standard of living depends on the wealth-generating capacity of manufacturers across Canada – on their ability to innovate, continuously improve productivity, and deliver customer value. In this regard, manufacturing has become an even more important contributor to the economic prosperity of Canadians over the past 15 years.