The food and beverage processing industry is the largest manufacturing industry in Canada in terms of shipments, accounting for 17% of total manufacturing shipments. It provides employment for 296,000 Canadians (about 1.7% of the Canadian workforce) and produces shipments worth $89 billion which account for 2% of the national GDP. It supplies approximately 77% of processed food and beverage products available in Canada. It is also the single largest market for Canadian agricultural products.
Given a stronger Canadian dollar, rising input costs, a tightening credit market and increasing off-shore competition, the food processing industry like other manufacturing sectors in Canada has struggled over the past few years. This difficult business situation has resulted in the closure.