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Analysis by Oxford Economics estimated that 25% tariffs implemented across all sectors and predicted retaliatory tariffs would cause Canada's GDP to fall by 2.5% by early 2026, increase its inflation rate to 7.2% by mid-2025, and increase its unemployment rate to 7.9% by the end of 2025 due to an estimated 150,000 layoffs.
Canada is currently the thirteenth-largest auto-producing nation in the world, and seventh largest auto exporter by value, producing 1.4 million vehicles and exporting $32 billion worth of vehicles in 2020. [1] Canada's highest rankings ever were the second-largest producer in the world between 1918 and 1923 and third-largest after World War II.
With boost in sales in 2009, Hyundai Auto Canada Inc. is currently planning to build a new plant in Canada and resume production in Canada. [71] Hyundai subsequently sold the plant, [71] which was eventually purchased by Olymbec inc, a Quebec real estate developer. Hyundai is the No. 1 import car brand in Canada without a local plant.
The Beetle remained the bestselling vehicle in the car industry until the late 1990s, [4] when it was overtaken by the Toyota Corolla, due to the Corolla's good fuel mileage. [5] However, this was an example of the modern practice of applying a brand name across a wide range of vehicles, and retaining it for marketing purposes even as the car ...
Japanese automakers Toyota, Nissan and Honda, among many others, have long been considered the leaders in the segment of small fuel-efficient cars. [9] A major contributing factor to their success was when their vehicles benefitted from the 1973 oil crisis which at the time drastically changed market situations and had a major impact on the automotive industry.
1. Garage door replacement. 💰 Quick facts Average cost: $4,513 Average resale value: $8,751 Recouped cost: 193.9% Change in recouped cost from 2023: +91.2% Replacing your garage door has become ...
Automaker Hyundai said it has paused its advertising on X, a day after an ad from the company appeared next to an antisemitic and pro-Hitler post on the social media site.
The United States has the largest economy globally and Canada ranks 9th at US$2.015 trillion. [5] The US share of the global market economy estimated at US$79.98 trillion, was c. 25% in 2018, which is down from 35% in 2005. [6] China's global e-commerce market share has grown rapidly from less than 1% in c. 1998 to 42% in 2018.