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back to index backAMERItalk January,  2006

Driving Canada's Engine of Growth


Why Support the Auto Sector?

The auto industry is Canada's largest manufacturing industry by far. In fact, the original equipment supply industry by itself is Canada's largest manufacturing industry. The multiplier effect for the auto industry is currently being debated but the minimum multiplier for each assembly plant employee is 7 and there are economic models as high as 10. To put this into perspective, the new Toyota plant announcement in Woodstock which will employ 1,300 people translates to between 9,100 and 13,000 people that will have employment as a result of this plant commencing production. Not all of that additional employment will be in Canada, but the majority of it will be.

Government can afford to invest substantial sums to attract assembly plants to Canada because of the taxes (income, GST and provincial) they collect from their employees. Let's do a conservative estimate of the impact a hypothetical new assembly plant will have.

To download white paper, click here.

Source: APMA - GAI

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Other articles from the same issue (January,  2006).

Analysts: Big 3 Market Share Erosion Will Continue
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Let the Fireworks Begin
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Successful Mergers Start Here: Tips on Facing Four Important M&A Challenges
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NAM 2006 Economic Forecast Concludes High Energy Prices Are Curbing Expansion
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Partnership Pays Off
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BusinessWire expands, helps automotive suppliers gain access to Canada media
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Globalization: As economic borders come down, cultural borders go up
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