Comment Re:In context (Score 3, Interesting) 26
As for the flood of cheap chinese cars, it's not going to happen. Canada is way too small a market for Chinese companies to customize their offerings to meet safety crash test standards here
I would not bet on that. In the 50, 60, 70s lots of small European makes managed to sell in the American market, it was not about scale because they were still only doing 3 and 4 digit volumes. If in an era before CAD they could come up with US spec bumpers, different intakes and PCV systems to meet US emissions rules that came on in in the late 60s; BYD can slap whatever Canada needs in terms of bumper height, rear camera, etc and crank out enough parts for CA spec versions of their existing models.
Carney sold you out! He needed to show he could do something about your economic dependence on the US and he chose the quick route of giving more influence to China rather then dealing with the inflationary consequences and political fall out of trying to find ways to make CA industry less vertical and more balanced. It feels good right now but this will prove to have been a big mistake a decade or so from now. When the 'great sucking sound' the American industry has heard over the last 30 years comes to CA.