Canada’s Automaking Future Depends on End of Tariffs, Head of Industry Group Says

Canada’s automaking future depends on end of tariffs, head of industry group says

Representative of Detroit Three points to falling sales of Canadian vehicles south of the border

Canada’s auto industry could disappear by 2040, RBC warns

Worst-case scenario sees assembly plants shuttered across Canada.

RBC Says Canada’s Auto Sector Could Be Gone by 2040

Canada could lose its entire vehicle assembly industry by 2040 if it cannot restore duty-free access to the US market, the Royal Bank of Canada (RBC) analysts warned on Tuesday. The bank presented a scenario analysis at an auto industry conference in Toronto outlining four possible futures for the sector. RBC analysts say outcomes range from a complete shutdown of all assembly plants to a near-doubling of annual production, with the gap between …