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This past week, General Motors U.S. workers went on strike. It is the first strike in the automotive industry in over a decade. The strike is expected to last through the weekend and the ripple effects are already being felt in Canada.
It has been a tough couple of years for auto parts company shareholders. Trade wars and tariffs have dominated headlines, with the auto sector being a primary target.
As tariffs rise on auto exports, the trickle-down effect of the potential lower demand is hitting Canada’s auto industry hard.