Whatever you think of the wisdom of Mark Carney’s trade deal with China, it’s not a big vote of confidence for the future of Canada’s auto industry. At least, not the auto industry we have known.
It was a move to jump-start trade with the world’s second-largest economy, opening the big Chinese market to Canadian canola, peas and seafood.
Yet, the concession that Mr. Carney made – accepting imports of 49,000 Chinese vehicles a year with very low tariffs – is a far bigger signal than he admitted.
