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Money talks: How the low loonie is being fashion into a boon for designers

<P>Following a two-year stint studying fashion at London’s Central Saint Martins, Toronto-born Ellie Mae Waters returned to her hometown to launch her namesake line of statement outerwear in early 2015. Today, Waters’ budding fashion empire includes a head office with 12 full-time employees and two contract manufacturing facilities in downtown Toronto’s Fashion District. Producing locally was a natural choice for Waters. “Being a new business, having the production closer to me was a huge benefit,” she says. “I wanted to be able to see the facilities and know they were being made in proper working conditions.”</P> <P>At the time, Waters did not foresee the Canadian currency’s imminent drop, which saw the dollar bottom out at 68 cents (U.S.), a 13-year... Read more

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