17:18:22 EST Wed 21 Jan 2026
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Ford CDR (CAD Hedged)
Symbol F
Shares Issued 300,000
Close 2026-01-20 C$ 11.37
Market Cap C$ 3,411,000
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Globe says Honda, rivals hear auto industry in decline

2026-01-21 08:33 ET - In the News

See In the News (C-HNDA) Honda CDR (CAD Hedged)

The Globe and Mail reports in its Wednesday, Jan. 21, edition that autos have been a key manufacturing industry in Central Canada for a long while now. The Globe's guest columnists James Arnett, James Hinds and Greg Sorbara write that this sector has generated significant wealth and jobs, playing a big role in Canada's growth. The Auto Pact of 1965 further enhanced its success by granting access to the lucrative American market. The industry is in decline this century, casting doubt on its existence as Canada discusses USMCA renewal. Currently, 20 per cent of its capital investment comes from federal and provincial governments, and failed USMCA talks could lead to its palliative care. Canada should be prepared, if the USMCA negotiations are unsuccessful -- or maybe even if they are successful -- to repurpose the auto industry and its employees for other sectors. During the Second World War, federal minister C.D. Howe converted the auto industry into the defence sector, producing crucial military supplies, especially for Britain, and significantly contributing to the Allied war effort. Prime Minister Mark Carney has made it clear that we need a major expansion of our small defence industry to confront today's threats.

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