Close X
Saturday, December 14, 2024
ADVT 
National

Ford Canada CEO To Raise Concerns Over Trans-pacific Partnership With Ottawa

The Canadian Press, 11 Feb, 2016 12:03 PM
    TORONTO — The CEO of Ford's Canadian operations says risks posed by the Trans-Pacific Partnership to the automotive manufacturing sector are among topics she plans to raise in a meeting with federal government officials later this month.
     
    Dianne Craig says the need to boost government subsidies to help attract more global investment in Canada's auto sector will also be discussed.
     
     
    Ontario, which relies heavily on the auto manufacturing sector, has been losing new investment to Mexico and the southern U.S., where labour costs are lower.
     
    Ray Tanguay, a special automotive adviser to the federal and Ontario governments, has called for the federal automotive innovation fund to be restructured.
     
    The fund offers loans to provide incentives for automotive investment, but Tanguay would like to see the money doled out as grants.
     
    However, he has stopped short of calling for higher monetary incentives, noting it is up to federal and provincial officials to evaluate the economic benefits they reap from such incentives.
     
    Craig agreed that the fund should be restructured, but added that the amounts of the subsidies should be boosted as well.
     
    "Right now, the way the loans are treated by the Canadian government, they're not competitive, because in other jurisdictions, they're not taxable," Craig said at the Canadian International AutoShow in Toronto on Thursday.
     
    She also slammed the TPP, saying that the way the deal is structured will hurt Canadian auto manufacturing operations.
     
    "We support free trade, but it has to be fair trade," Craig said.
     
    "We've got to get these trade agreements right, and right now as the TPP stands, there will be no positive outcome for Canadian manufacturing."

    MORE National ARTICLES

    Man Who Raped And Killed Sarnia, Ont., Teacher Says 'Sorry' To Her Family

    Man Who Raped And Killed Sarnia, Ont., Teacher Says 'Sorry' To Her Family
    Michael MacGregor, 22, turned to face Noelle Paquette's family in the St. Thomas, Ont., courtroom where he and his co-accused, Tanya Bogdanovich, were awaiting sentencing

    Man Who Raped And Killed Sarnia, Ont., Teacher Says 'Sorry' To Her Family

    Running Shoe That Washed Ashore With Human Foot First Sold In 2013: Coroner

    Running Shoe That Washed Ashore With Human Foot First Sold In 2013: Coroner
    An investigation by British Columbia's corner into the latest incident of a running shoe with a human foot washing ashore is now focused on a specific period of time.

    Running Shoe That Washed Ashore With Human Foot First Sold In 2013: Coroner

    Victoria Makes Plans To Regulate Its Medical Pot Shops With $5,000 Licensing Fee

    Victoria Makes Plans To Regulate Its Medical Pot Shops With $5,000 Licensing Fee
    The City of Victoria has laid out some ground rules as it moves to regulate medical-marijuana businesses and included is a licensing fee that is a fraction of the Vancouver charge.

    Victoria Makes Plans To Regulate Its Medical Pot Shops With $5,000 Licensing Fee

    B.C. Superintendent Of Real Estate Denies Ignoring 'Shadow Flipping' Problem

    B.C. Superintendent Of Real Estate Denies Ignoring 'Shadow Flipping' Problem
    British Columbia's superintendent of real estate is denying that she has failed to take action on "shadow flipping," saying she only learned of specific allegations from the media last week.

    B.C. Superintendent Of Real Estate Denies Ignoring 'Shadow Flipping' Problem

    Funeral Planned For Calgary Twins Who Died On Bobsled Track Joyride

    Funeral Planned For Calgary Twins Who Died On Bobsled Track Joyride
    A public funeral is to be held today at Calgary's Centre Street Church for twin brothers who died in an after-hours joyride down a bobsled run at Canada Olympic Park.

    Funeral Planned For Calgary Twins Who Died On Bobsled Track Joyride

    Homegrown Fashion Label Dsquared2 To Design Canada's Rio Opening Ceremony Outfit

    Homegrown Fashion Label Dsquared2 To Design Canada's Rio Opening Ceremony Outfit
    Canada's Olympic and Paralympic athletes will be getting the high-end designer treatment in Rio courtesy of homegrown label Dsquared2.

    Homegrown Fashion Label Dsquared2 To Design Canada's Rio Opening Ceremony Outfit

    PrevNext