Factories adjusting to strong dollarBank of Canada Governor says output has increased despite labour shortagesBy 06/06/2006|hrreporter.com|Last Updated: 06/22/2006 Canadian factories are increasing production as the economy faces labour shortages, increased international competition and a dollar that has soared to a nearly 30-year high, said Bank of Canada Governor David Dodge."Canadian manufacturers have been getting more efficient," Dodge told the House of Commons Standing Committee on Industry, Science and Technology. "Indeed, we have seen a tremendous rebound in manufacturing productivity — output has increased even while the number of jobs has been reduced."Firms have taken advantage of the strong Canadian dollar to buy new machinery and equipment to boost productivity. The increased productivity and efficiency will improve Canada's international competitiveness in a global economy, said Dodge. To Read the Full Story, Subscribe or Sign In Remember Me Forgot Password If you are a current Subscriber, please click here to set-up or update your login information.