So Canada is basically trading submarines for Hyundais. Ottawa just signed an MOU with South Korea that includes talks to bring auto manufacturing here. The kicker? It started because South Korea want...

Under pressure to increase economic benefits to Canadians, South Korea’s Hanwha is committing to manufacturing armoured battle vehicles in Canada if it’s awarded the lucrative contract to build the Ro...

The federal government has announced a $4.7-billion investment to manufacture and maintain over 300 Via Rail passenger cars in Canada, marking a strategic shift away from importing trains from the United States. Prime Minister Mark Carney emphasized during a news conference in Thunder Bay, Ontario, that this initiative reflects Canada's capability to produce critical infrastructure domestically. The project will utilize facilities in Quebec and Thunder Bay, with the new trains destined for Via Rail's long-distance and remote routes. This move aligns with previous investments, including a $1.6-billion allocation for 45 new locomotives and a Montreal assembly facility. Carney highlighted the importance of revitalizing domestic manufacturing, stating that Canada has long relied on foreign imports for such projects. The initiative is part of broader efforts to bolster the manufacturing sector and reduce dependency on U.S. suppliers, while also supporting job creation and economic growth. The decision underscores Canada's commitment to self-sufficiency in transportation infrastructure, with significant implications for the country's industrial and trade policies.

A 2026 KPMG survey reveals that 42% of Canadian manufacturers plan to shift or have already moved production to the U.S., driven by trade uncertainty and policy concerns. The report highlights that 29% of firms have already relocated operations, citing tariffs, tax incentives, and long-term business strategy as key factors. Over half (55%) of respondents remain committed to the 'Buy Canadian' movement, while 60% continue significant investment in advanced manufacturing. However, 80% intend to maintain Canadian headquarters, reflecting a complex balance between domestic and international interests. The study underscores growing concerns about the Canada-U.S.-Mexico Agreement (CUSMA) renewal process, with 62% of firms worried about the long-term business environment. KPMG analysts note that U.S. policy changes, such as requirements for foreign companies to own physical assets, could strain commercial relationships. Despite these challenges, 96% of exporters claim their products qualify for tariff-free treatment under CUSMA, though the Trump administration's decision to opt for annual reviews instead of a 16-year extension has raised uncertainties. The findings highlight the broader economic implications of trade policies on Canadian manufacturing and the strategic adaptations firms are making to navigate a shifting global landscape.

<p>INGERSOLL, Ontario - General Motors' ambitious plans for electric vehicle (EV) production in Canada have hit a significant roadblock, as the company announces layoffs at its CAMI Assembly plant in ...

<p>CANADA - As metal tariffs imposed a month ago enter their second month of implementation, Canadian industries are grappling with rising costs and increasing chaos, with no clear resolution on the h...

New data from Statistics Canada shows that rising food prices is a key factor in driving inflation higher.

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