TORONTO - CIBC World Markets says Canada's battered manufacturing sector may be poised for a revival following a decade of contraction.
A report co-authored by CIBC economists Benjamin Tal and Nick Exarhos says currency and market conditions are improving for Canadian manufacturers.
They say firms that have survived through the lean times of recent years are in position to take advantages of new opportunities, especially the weaker dollar.
The loonie has been trading below parity with the U.S. dollar since February 2013 and is currently worth about 90 cents US.
According to the CIBC reports, companies that make wood products, primary metals and machinery have some of the best prospects.