The Canadian automotive industry is one of the country's most successful, and a powerful creator of jobs and growth . The Canadian business climate for automobile and automotive parts manufacturing is excellent.
Production now stands at record highs .
Canada's light duty vehicle sector has 14 plants, which produce 2.4 million units annually. Canada's business climate provides a competitive edge . This has lowered pressure on wage growth, and has pushed interest rates to near historic lows. In its forecast for 1997-2000, The Economist ranks Canada's business environment second only to the U.K. among the auto producing countries of the world. Canada's automotive industry has benefitted from globalization.