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Competition from Mexico
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.
In the final NAFTA deal, Canada retains its safeguards and the closed Mexican market will be opened to North American competition over a 10-year transition period. While NAFTA appears to be a win-win situation for Canada, there is a downside. Canada must now compete with Mexico for its share of the American Big Three business. The Auto Pact still offers some safeguards for Canada but Mexico's low wages will lure some additional business to the southern locale.
.Since NAFTA, Mexico has surpassed Japan to become the second largest trading partner of the United States, after Canada. Exports to Canada and Mexico account for one-third of total U.S. exports.
Program: Sunday Report
Broadcast Date: Jan. 1, 1995
Guest(s): Dennis Desrosiers, Buzz Hargrove, Dennis Manning, Larry Pearson
Host: Wendy Mesley
Reporter: Keith Boag
Duration: 3:33
Last updated: January 30, 2012
Page consulted on August 21, 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...
