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Stellantis Shows Canada’s Industrial Economy is On the Line
Automaker Stellantis recently announced it would shift production of a new vehicle from an assembly plant in Brampton, Ontario (which has been closed for re-tooling) to Indiana, in order to escape the effects of Donald Trump’s 25% tariff on Canadian-assembled vehicles. This decision seems to confirm the worst fears of Canadian economists regarding the long-run impact of Trump’s trade war: by weaponizing access to the U.S. market and pressuring global companies to relocate long-run investments to the U.S., Trump would shatter the viability of continued production in Canada and other countries.
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This Is Not An Ordinary Federal Budget
As the federal government prepares to table its next budget on November 4, most of the public debate has centred on how big the deficit will be – as if that is the only metric of significance to Canadians. This is predictable and disappointing. At a moment when Canada as a country faces unprecedented challenges to our prosperity and sovereignty arising from Donald Trump’s trade war and other threats, a much more important question is how will the budget equip Canada to protect itself against Trump’s attacks, reorient away from so much dependence on the U.S. market, and invest in the things (including physical and social infrastructure) necessary to a…
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Happy Minimum Wage Day, Canada!
Half of Canada’s provinces all increased their minimum wage on October 1: Saskatchewan, Manitoba, Ontario, Nova Scotia, and Prince Edward Island. So this is a good occasion to celebrate the importance of higher minimum wages as a powerful tool for improving incomes and reducing inequality.