Despite campaign promises by Prime Minister Mark Carney that Canada can dodge U.S. tariffs with an “all in Canada” auto sector, a new C.D. Howe Institute report claims that the only realistic future for Canadian auto manufacturing is to make nice with the Americans.
“To maintain our manufacturing base, Canada must either exponentially expand its share of the domestic market or achieve healthy sales across the larger North American market,” reads the new report written by Stephen Beatty, the recently retired corporate secretary of Toyota Canada.
I am not hopeful.
