Canada’s banks say Mark Carney has some explaining to do.
Canada’s position as a major auto parts producer is being undermined by the inability of suppliers to make inroads in the Asian and Latin American markets.
Global vehicle sales continue to strengthen, with North American volumes exceeding an annualized 14 million units since February 2011, says the latest Scotia Economics Global Auto Report.
The world’s automotive markets will see moderate gains this year, according to the a new automotive report by Scotia Economics
Mexico by contrast gets $3B worth in last six months
Global vehicle production is re-energizing the global economy according to a Scotia Economics report that says vehicle production will continue to strengthen in coming months with North America, Japan and other nations in Asia being the main beneficiaries.
The Japanese earthquake and tsunami continue to impact the automobile industry and the global economy, but demand for heavy trucks is driving up production.