Overview
- January’s passenger-vehicle exports fell by about $1.3 billion to the lowest level in more than four years.
- Katherine Judge of CIBC said the temporary retooling could set up a rebound in export volumes in coming months.
- Reporting ties the broader downturn to pressure from President Donald Trump and USMCA rules that encourage shifting assembly to the United States.
- Automakers have cut production, reduced shifts and laid off workers at Ontario plants, according to published reports.
- Auto parts exports slipped 2.5% year over year, and the U.S. trade ratio has shifted to roughly US$1.35 in vehicles for every US$1 in parts from about US$5 a decade ago.