Companies ‘no longer in the wait and see mode’ as experts predict manufacturing exodus from Canada (www.ctvnews.ca)

submitted 2 days ago by cm0002@libretechni.ca to c/canada@lemmy.ca

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[-] mereo@piefed.ca 40 points 2 days ago* (last edited 2 days ago)

This is why I support Carney's agenda of diversifying our economy and our partners. These companies are moving to the U.S. because, currently, Canada predominantly does business with the U.S., so these U.S. companies see tariffs as an obstacle to their business.

However, when Canada has exports predominantly in the rest of the world, companies will stop moving.

[-] SaveTheTuaHawk@lemmy.ca 0 points 22 hours ago* (last edited 22 hours ago)

Export what. Diversify what.

Canada is the bottom of the barrel for industry R&D, we have been since the 1960s. All we do is dig shit out of a hole to feed jobs abroad.

Mark Carney is not going to pull a new industry out of his ass.

[-] Pxtl@lemmy.ca 7 points 2 days ago

Okay but all our other neighbors are an ocean away. This is hard mode.

[-] ThuggyG@piefed.ca 29 points 2 days ago

Yes but the alternative is to become hostage to a hostile nation.

You cave now and they will do it again. We also have to stop pretending these are Canadian firms leaving. We’ve allowed many of our manufacturing companies to become subsidiaries of foreign companies.

[-] foggenbooty@lemmy.world 1 points 18 hours ago

Exactly. When I hear the east talk about the "Canadian Auto Industry" I think, what auto industry? Oh the american one that hires a lot of Canadians? The deal has been good for both sides so I understand why we became dependent, but now that the mask is off and the US is openly saying they intend to fuck us we need to pivot.

While I would love a Canadian auto company, that is very hard to do and the better interim option would be to better partnership with European and Asian car brands. No reason we can't build Renault cars here.

[-] Knoxvomica@lemmy.ca 10 points 2 days ago

I mean, same with China for the most part? And yet they manage to be an industrial powerhouse. Shipping is not impossible.

[-] GreenBeard@lemmy.ca 9 points 2 days ago

We also are their biggest export market. If we start "eating our own dog food" then those overseas exports will be enough to make up most of the difference, but we have to double down on the effort to build and buy anything but American.