The Economic Impact of Expanding Automotive Production
A 20% increase in vehicle assembly would produce a very substantial number of new jobs…
FOCAL’s forecasts show that increased production mandates for automotive assembly in Canada would greatly benefit the Canadian economy and its workforce and that changes in trade conditions in order to open new opportunities for parts exports into the broader North American automotive market would bring similar benefits.
A 20% increase in vehicle assembly would produce a very substantial number of new jobs: 17,200 jobs in the Canadian automotive manufacturing supply chain and an additional 17,500 jobs in other industries, for a total of 35,000 jobs across the Canadian economy. A 20% increase in parts exports would result in similar gains: 12,350 jobs in the Canadian automotive manufacturing supply chain and an additional 10,500 across the broader economy.