U.S.-Canada trade tensions led to a steep drop in Canadians heading south last month – a trend that, if it continues, could help boost the London region’s tourism sector, an industry watcher says. Some 1.5 million Canadians made return trips to the U.S. by car in March, a 31.9 per cent drop from the same […]
Get ready for the sticker shock slowdown. The price of Canadian-made vehicles hitting U.S. dealer lots after tariffs are applied will rise between $2,500 and $15,000, depending on the model, says a recent report from a U.S. business consulting group. That price jump may slow sales of vehicles made here, and see automakers cut production […]
The London region’s unemployment rate improved in March as the local economy added 2,200 new jobs, a strong showing that doesn’t yet reflect the impact of the trade war between Canada and the U.S. The region’s jobless rate now sits at 5.9 per cent, down from February’s 6.6 per cent, Statistics Canada reported Friday. Including […]
Tariffs landed with a thud in Ontario’s industrial heartland Thursday, shuttering one major automaker and spreading uncertainty among smaller automotive parts suppliers across the London. The U.S. held to its pledge to punish manufacturers shipping goods south of the border, charging a 25 per cent tariff on automobiles, tariffs on some automotive parts in addition […]
Fanshawe College is suspending enrolment of students in 40 of its over 220 programs, the school announced Tuesday.
Cami-made cargo vans are filling parking lots in the U.S. and observers are wondering if sales are slow for the fully electric vehicles, or if GM is stockpiling to avoid looming tariffs on Canadian-made vehicles
Southwestern Ontario mayors are bracing for job losses due to U.S. President Donald Trump’s trade war, but remain optimistic
March was a busy month for sales, London- area car dealerships say, as Trump’s trade war and automotive tariffs rattle consumers.
Trump tariffs poised to hammer Canada’s auto industry could slash the London region automotive workforce by half, as the cost of exports to the U.S. will spike, industry observers say. With more than 20,000 employed in the automotive sector here, about 10,000 jobs may be lost within weeks of tariffs being imposed, they said. That […]