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0 0 2.62130068940761E-05 -0.00127133083435996 -0.00129754384125403 -0.00259508768250807 0.00133686335159509 0.000878135730949746
Stock impact report

Market Outlook: Canada's auto sector contracts amid EV uncertainty [BNN Bloomberg (Canada)]

Stellantis N.V. Common Shares (STLA) 
Company Research Source: BNN Bloomberg
A federal decision to scrap the EV mandate adds fresh uncertainty as global competition intensifies. BNN Bloomberg spoke with Charlotte Yates, president of the Automotive Policy Research Centre and professor of political science, about Canada's declining assembly footprint, the growing dominance of Toyota and Honda, and why securing electric-vehicle investment remains critical to the sector's long-term viability. Key Takeaways Canada's annual vehicle production has dropped from roughly 2.4 million units a decade ago to about 1.3 million today, reflecting a sustained contraction in assembly. Toyota and Honda now anchor Canadian auto manufacturing, while production by Detroit Three automakers has declined and some plants remain idle. Weak productivity data is partly the result of underused factories rather than worker performance. Canada's auto parts sector remains comparatively strong, led by globally competitive Canadian firms supplying both domestic plants and U.S. assemb Show less Read more
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