CFIB report reveals impact of U.S. tariffs on Ontario’s auto businesses
Summary by Canadian Auto Dealer
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CFIB report reveals impact of U.S. tariffs on Ontario’s auto businesses
A new report by the Canadian Federation of Independent Business (CFIB) found that 49 per cent of all automotive businesses in Ontario have either paused or cancelled investments as a result of the U.S.-Canada trade war. Data from CFIB’s report shows that this figure translates to a potential $2.9 billion in missed investment over the next year. They also noted that 65 per cent of Ontario’s auto businesses have been impacted by U.S. tariffs, wit…
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