Canadian auto, steel reaction to trade deal: From ‘sigh of relief’ to ‘sold out’
Automotive News Reaction from Canadian automotive and steel and aluminum groups to the terms of a renegotiated trade pact between Canada, the United States and Mexico range from relief to dismay as the details of the proposed new pact begin to sink in. Here’s a look at what some major Canadian players had to say: […]
Shares of Canadian auto parts suppliers surge after trade deal removes tariff threat
Martinrea International jumped 13 per cent, the most since 2014, Magna gained 5.1 per cent and Linamar rose 9 per cent Canada’s eleventh-hour inclusion in a new North America free-trade deal removes a major overhang for auto suppliers but doesn’t fix many of the competitive issues that have restricted investment in the Canadian auto industry. […]
