The Canadian government has pledged further support for automakers currently employing thousands of Canadians, reports Automotive News.
The federal government said in October that in its 2016 budget it would invest further into the country’s Automotive Innovation Fund, which encourages industry investment.
The government also agreed to offer automakers grants instead of loans, making it attractive to do business in Canada, since monies paid by the government will not need to be repaid at a later date.
Navdeep Bains, Canada’s minister of innovation, science and economic development, has been closely watching developments in the automotive sector, including the recent ratification of union agreements across the country.
“We have many tools in our toolbox and the idea is for us to engage with them to increase investment,” concluded Bains.