Prime Minister Mark Carney made a revealing comment during his recent appearance at the BMO-Eurasia business summit in Toronto when the idea was raised of Canada and the U.S. coming together to compete with China.
“I wouldn’t assume that that’s always the organizing principle,” he said of Canada-U.S. collaboration. “If it were, there would be more immediate progress in certain traditional industries than we’ve seen.”
The particular industry he had in mind is the auto sector.
And rather than progress, the announcement on Tuesday by Stellantis that it will move production of the Jeep Compass from Brampton, Ont. to the Belvidere Assembly plant in Illinois suggests that U.S. Commerce Secretary Howard Lutnick was serious when he told a business audience that Canada eventually won’t make