Canada Needs a New Industrial Strategy
Canada requires an industrial strategy that prioritizes public goods over corporate interests, especially in times of tariff escalation and geopolitical volatility.
A recent announcement by Stellantis to relocate has raised concerns about Canada's industrial future. Despite billions in public subsidies to foreign multinational automakers, questions remain about who benefits from these investments.
“It’s only a question of time.”
An 1891 editorial cartoon from New York’s Puck magazine illustrates the historical concern of Canada being pulled toward the United States by business and common interests.
- Diversifying Canada’s economic strategy is essential.
- Public subsidies to foreign multinational automakers raise questions about their impact.
Authors: Daniel Cere and Stephane Boulet. Date: October 20, 2025.
Summary: Canada needs an industrial strategy serving public goods.
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