News Source: Macleans
| 11 months ago
Even with the promise of a made-in-Canada aid package, the Canadian auto industry will likely lose between 15,000 and 20,000 jobs as the Detroit Three work to restructure and streamline operations, industry analysts say...Peter Morici, a business...
News Source: Toronto Star
| 11 months ago
A $3.4 billion bailout package from Ottawa and Ontario for the struggling Big Three Canadian automakers appears in flux as the Bush administration hesitates and the Harper government says it won't come through with aid unless Washington does so first.
News Source: The Globe & Mail
| 11 months ago
In the Throne Speech, the Conservative government had pledged relief for automotive and aerospace sectors but nothing was proposed for the fisheries, mining and forestry industries. NDP Leader Jack Layton credited the creation of the coalition...
News Source: Androscoggin News
| 11 months ago
The Detroit Big Three automakers will be pressed to "maximize their resources in the United States" at the expense of jobs in Canada and other countries under a bill that gives them emergency aid to avoid collapse, says an aid to the Democratic...