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The auto sector is emblematic of Canada’s dwindling market share in goods exports. We have been losing plants, investments and jobs – not just to the U.S. and Mexico, but also to non-NAFTA countries such as South Korea, according to a report this week by economist Jeff Rubin, a senior fellow at the Centre for International Governance Innovation.
“By most industry metrics, Canada’s vehicle and parts industry has been as adversely impacted – and in some cases more so – by the shift in production to Mexico under NAFTA,” Mr. Rubin argued.