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Economy and Politics

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When will interest rates go down?
January 3, 2024 by Adam Malik

The hope is Canada will see interest rates start to fall later this year, an economist told a room full of automotive professionals. Specifically, it won’t be until at least the second quarter of 2024, said Thomas Feltmate, senior economist…

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How Canadians plan to spend their money in 2024
January 2, 2024 by Adam Malik

Nearly a third of Canadians are planning to cut their spending this year as economic concerns continue to sit top of mind. A special report from the BMO Real Financial Progress Index revealed that 30 per cent of Canadians are…

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Details and reaction for Canada’s EV update
December 22, 2023 by Adam Malik

The federal government laid out its plan to remove gas-powered vehicles from the vehicle fleet in Canada but some are raising red flags about the path to get there, including those in the automotive aftermarket. Environment Minister Steven Guilbeault announced…

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When we might start seeing rate cuts
October 6, 2023 by Adam Malik

The Bank of Canada held interest rates steady in September but Canadians shouldn’t expect any cuts until we’re into 2024, a recent report suggested. A quarterly report from professional services firm RSM Canada explained that the country’s economy is steadily…

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How much growth is expected for Canada?
August 4, 2023 by Adam Malik

Economic growth is on the horizon after a flat second quarter, according to the Canadian Federation of Independent Business. The group is expecting a modest rebound of 1.4 per cent in the third quarter of this year, its latest Main…

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How the economy is influencing car buying
June 15, 2023 by Adam Malik

Inflation and other economic factors are influencing the attitudes and actions of car buyers in Canada, according to a survey from Canadian Black Book. Furthermore, higher prices have pushed shoppers to look at more options when buying a vehicle. DesRosiers…

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Where does Canada sit on the global EV spectrum?
June 14, 2023 by Adam Malik

In Europe, they have no appetite for internal combustion engines. In fact, they don’t even want hybrids. So they’re electrifying and electrifying quickly, said an industry observer. On the other hand, you have the United States which is very slow…

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U.S., Canada, team up on EV charging corridor
June 8, 2023 by Adam Malik

A 1,400-km corridor for electric vehicle charging stations is set to be built from Michigan and stretch into Quebec. The joint binational alternative fuel corridor agreement was announced by federal Minister of Transport Omar Alghabra and U.S. Secretary of Transportation…

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R2R bill tabled in Quebec
June 1, 2023 by Adam Malik

A new right to repair bill tabled in Quebec would make it the first province and one of a few jurisdictions in North America that protects the consumer’s right to choose where to have their vehicle repaired. If passed, Bill…

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No recession in Canada: S&P
May 19, 2023 by Adam Malik

High interest rates. Inflation up but but slowing. No recession. All of that is great news for the automotive aftermarket.

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How the aftermarket should handle higher interest rates
April 28, 2023 by Adam Malik

Like any other input increase, when interest rates go up those costs must be passed on by the automotive aftermarket, advised an industry leader. But while the automotive aftermarket can find ways to reduce the impacts of commodity cost increases,…

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The recipe behind the EV hype
March 24, 2023 by Adam Malik

A number of automotive aftermarket professionals have posed the question: Why the rush to electrify vehicles? It’s been asked to Auto Service World by readers in person or in the comment section of stories. It’s also been posed to Paul…