Business Terence Corcoran: Any Canadian auto trade deal will be flawed [Yahoo! Finance Canada]
Ford Motor Company (F)
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Source: Yahoo! Finance Canada
Both the Conservatives and Liberals have laid out broad strategies to support and return Canadian auto production to at least previous levels. The objective looks like a fantasy in the context of Donald Trump's own auto trade fantasy. Speaking at a Ford plant in Detroit, Trump said, “We don't need cars made in Canada … we want to make them here.” The U.S. president is just one of multiple obstacles facing the Canadian auto industry as it heads into renegotiation of the Canada-United States-Mexico Agreement (CUSMA) on trade. Early talks are underway, although the U.S. trade representative said Canada is not keeping up with Mexico at the negotiation table. That Canada has been lagging in communicating with Washington had been rumoured for some time, perhaps a reflection that the Liberals have yet to nail down a clear strategy. Last month Prime Minister Mark Carney laid out a somewhat contradictory path forward, signalling that Canada aimed to become less dependent on the United Stat
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