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Wednesday, May 5, 2010

Manufacturers And Exporters In Province Will Have To Change The Way They Do Business

Manufacturers and exporters in the province are said to be cautiously optimistic as they prepare to meet in Fredericton later this month. Some may find that surprising in light of the rise in the value of the loonie in relation to the U.S. dollar and the failed NB Power deal with Hydro Quebec that would have seen a dramatic reduction in electricity rates. The Regional Vice-President for Canadian Manufacturers and Exporters, David Plante tells CHSJ News change will be the name of the game because electricity rates will continue rising. Plante says coming up with an energy policy for the province should be a priority. Another worry, according to Plante, is growing protectionism in the U.S.