https://www.thestar.com/news/queenspark/2016/11/09/wynne-worried-about-trump-threat-to-ontario-economy.html
Speaking to the Star on Wednesday, Wynne said she is “worried” about Trump’s threat to rip up the North American Free Trade Agreement (NAFTA) that is so vital to Ontario’s economy.
The degree that this undermines a North American strategy, I think we have to worry about that,” said Wynne, noting Ontario’s thriving auto industry is so entwined with that of Michigan they are interdependent.
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If you read the above.."fluff" you are led to believe that NAFTA actually made Ontario's auto sector...thrive??
Really??
Then how do you explain this from last year???
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http://www.theglobeandmail.com/report-on-business/international-business/latin-american-business/mexico-races-ahead-in-auto-industry-as-canada-stalls/article22885336/
Auto investment soared in Mexico last year and light vehicle production topped three million for the first time, underscoring Canada’s decline to junior-partner status in NAFTA when it comes to the auto industry.
Sobering data on investment, trade and vehicle production add to concerns among Canadian executives, government officials and union leaders that the long-term future of the industry in Canada is in jeopardy as Mexico grows into a global powerhouse.
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And Trump wanting to slap tarrifs of 35% on folks like Ford motor corp for shutting down plants in the USA and moving to mexico...if they sell cars back to USA....is a bad thing?
Nafta made Canada's auto sector DECLINE!
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It is easy to understand reluctance from auto manufacturer to do business in Ontario due to high taxes and highest electricity cost
It is easy to understand reluctance from auto manufacturer to do business in Ontario due to high taxes and highest electricity cost
