Of course it won't..and in no way did I imply that it would. However, latest labour force survey indicated that ~ 1.7 million people still work in manufacturin

Of course it won't..and in no way did I imply that it would. However, latest labour force survey indicated that ~ 1.7 million people still work in manufacturing. While this is the lowest number of manufacturing jobs in Canada since 1976, it still employees a relatively large percentage of our work force. The issue that worries economists is that a large percentage of our remaining manufacturers operate below capacity. When our dollar declined relative to the U.S. dollar, some economists thought it would slow the slide, but the issue remains that manufacturing still costs too many Canadian dollars. Since NAFTA prevents our government from directly subsidizing manufacturing (in most sectors), lowering labour cost is the best tonic left.