According to authorities information, the auto sector plays a key function in Canada’s economic system, contributing CA$16 billion to its gross domestic product . With almost 500,000 direct or oblique jobs, automotive is probably one of the country’s largest manufacturing sectors and considered one of its largest export industries. The North American Free Trade Agreement, or NAFTA for short, contributed to this downturn as automotive companies moved their meeting lines to places like Mexico or the united states The USMAC, which replaced NAFTA in 2020, has considerably leveled the playing field by boosting regional content material requirements and instituting a minimal wage of a minimal of $16 an hour. “Our incentive is that you have a job because we invest about $2.5 billion in taxpayer cash in these [car firms,” says Vic Fedeli, Ontario’s Minister of Economic Development, Job Creation and Trade.
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- The Halton Regional Police Service has recovered 12 stolen automobiles from a “chop shop” in Milton.
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