In recent years,many manufacturing firms in Canada have laid off workers.The best explanation of this trend is that:
A)firms have been trying to weaken unions by reducing their reliance on labour.
B)workers in Canada have become less productive and are no longer able to compete in the global economy.
C)the rising Canadian dollar and increasing global competition.
D)the economy has been in a prolonged recession/depression that has lasted more than a decade.

Question

Quizplus · Accepted Answer

The rising Canadian dollar has made Canadian exports more expensive and less competitive in the global market, leading to many manufacturing firms in Canada laying off workers as a cost-cutting measure. Additionally, increasing global competition has also put pressure on Canadian firms to streamline their operations and reduce costs, often resulting in layoffs.

In Recent Years,many Manufacturing Firms in Canada Have Laid Off