Canada’s auto industry bucks 5-year production decline, more gains expected: DesRosiers - National | Globalnews.ca

Consumer Matters: Global semiconductor chip shortage hitting auto industry harder than thought

Canadian production however has been declining for years from the 2.36 million units produced in 2016 as automakers cut back on shifts and closed plants.Story continues below advertisement The 2022 production numbers from DesRosiers show General Motors increased its production by 306 per cent in Canada from a year earlier, thanks in part to the reopening of its Oshawa assembly plant and the start of production of their BrightDrop EV delivery vans.

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Canadian banks set to report Q1 earnings as slowdown expected ahead - National | Globalnews.caCIBC kicks off the earnings season Friday, while BMO and Scotiabank report Feb. 28 and RBC, TD and National Bank release results March 1.
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