05:58:37 EST Fri 13 Nov 2026
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Ford CDR (CAD Hedged)
Symbol F
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Close 2026-11-12 C$ 9.97
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Globe says BMW hears Carney tease over EU car factories

2026-11-13 05:40 ET - In the News

See In the News (C-BMW) BMW CDR (CAD Hedged)

The Globe and Mail reports in its Friday edition that Prime Minister Mark Carney says he expects more European partnerships with Canada's auto sector coming out of Ottawa's budding relationship with the European Union but couldn't say whether Chinese automakers are any closer to building cars here. The Globe's Steven Chase writes that speaking to reporters at a summit of European leaders in Dublin, the Prime Minister said Chinese investment in Canada's auto sector will be one of the topics under discussion with China's President Xi Jinping when the two meet next week in Shenzhen. Back in January, Mr. Carney's government announced a strategic partnership with China and said it expected significant Chinese auto investment in Canada "within three years." But on Thursday, Mr. Carney declined to say whether Canada was any closer to welcoming Chinese investment. He noted South Korea, Japan and countries in Europe have made or pledged investments in Canada's auto sector, including electric vehicles. Toyota and Honda have car plants in Canada, and other companies have pledged battery plants. "I think you will see more European partnerships coming out of this," the Mr. Carney said, referring to growing Canada-EU relations.

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