A report by RNCOS estimates that surging exports coupled with higher public and private sector investments in the Canadian aerospace industry will drive it to register 3.2% CAGR during 2010-2013. The report reveals that being the world’s third largest, the Canadian aerospace industry has competitive advantage over other regional aerospace industries – for example, production cost in Canada is 7.1% lower than the U.S. This is prompting various global aerospace majors to increasingly establish their production facilities in the country.
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