Montreal—Sept. 15, 2015—Economic challenges in China appear to be putting pressure on Canadian companies to search for other countries to source some of their goods.
"For the first time in almost a decade, we have heard customers say they are going back to older sources (of goods)," says Robert Cutler, CEO of Delmar International, a shipping company.
Canadian customers are closely watching China's economic slowdown, currency devaluation and stock market volatility.
The fall of the renminbi to its lowest level since mid-2011 reduced the cost creep of Chinese-made goods. But it's also cut the value of foreign investments in the world's second-largest economy.
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