Federal, Ontario governments talking investments with Canada’s big automakers
OTTAWA — The federal and Ontario governments are actively discussing major investments in the big automakers that could total hundreds of millions of dollars.
Following the recent conclusion of labour negotiations, the auto companies are now in talks with the governments about investing in a sector critical to the Ontario and Canadian economies.
Federal Economic Development Minister Navdeep Bains said Ottawa is open to providing support to the automakers to help them expand their footprints in Canada.
But Bains did not discuss what a potential deal could look like — nor would he share details on how much federal support the government might commit.