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Auto Pact growing pains
In 1965, a landmark agreement with the United States transformed Canada's tiny car-making industry into a world leader. The Auto Pact created thousands of Canadian jobs and was the backbone for a generation of economic growth. But the Auto Pact also tied Canada's fortunes more closely than ever to its southern neighbour.
But there's good news too. The Big Three American car companies are pouring millions into Canada. From 1970-'72, Canada experiences its first big success with the Auto Pact. For the first time in history, Canada has a small auto trade surplus with the United States. Now the Americans are complaining the Auto Pact is a bad deal for them.
• Throughout the 1960s, Canada's economic dependence on the United States continued to grow. By 1967, American exports to Canada totalled nearly $8 billion. The next largest source of Canadian imports, the United Kingdom, provided only $619 million
• During the 1960s, Canada exported just over $7 billion worth of goods to the United States and only $1.2 billion to Britain, its next largest market.
Program: Sunday Morning Magazine
Production Date: Feb. 5, 1967
Guest(s): Ernest Marks, Michael Starr, Al Taylor, Albert Walker
Duration: 6:45
Last updated: April 10, 2012
Page consulted on August 22, 2012
All Clips from this Topic
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A look at Canada's struggling auto industry in 1960.
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The Auto Pact signals a new era for the Canadian economy.
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Canadians struggle to adapt to their auto industry marriage with the U...
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How the 1970s recession is affecting the Canadian auto industry.
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James Laxer discusses why he thinks the Auto Pact is bad for Canada an...
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Anger and protests over the troubled auto industry.
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Major government incentives encourage Ford to build a $535 million pla...
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Henry Ford sets up shop in Canada and American domination begins in th...
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A look at Canada's auto parts sector.
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Foreign automakers set up shop as the country's struggling industry co...
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The auto parts manufacturer symbolizes the growing success of the Cana...
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Possible effects of the Asian car market on Canada.
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A look at growing American disenchantment with the Auto Pact in 1987.
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The Americans say they plan to chip away at the Auto Pact during free ...
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Magna International goes through a downturn in 1990.
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History of the Auto Pact and its meaning to Canada.
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The North American Free Trade Agreement gives Canada access to a new m...
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The impact of NAFTA in Mexico.
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Canada must go it alone without the Auto Pact. The agreement that buil...