Canada’s reliance on the U.S. for vehicle exports is making it an also-ran in the emerging global market, a top economist says. Citing a report today issued by his firm, Toronto, ON, Canada-based Scotiabank, senior economist Carlos Gomes tells Ward’s that while both Canada and Mexico rely on the U.S. for the bulk of their auto exports, Mexico rapidly is expanding its export base and Canada is standing still. More than 95% of Canada’s vehicle exports go to the U.S., compared with ...
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