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A change from low interest loans to grants could fundamentally change the financial calculation for any automaker considering an investment in Canada verses the United States or Mexico Unifor and General Motors remain far apart in contract negotiations

A change from low interest loans to grants could fundamentally change the financial calculation for any automaker considering an investment in Canada verses the United States or Mexico

Unifor and General Motors remain far apart in contract negotiations but the union that represents Canadian autoworkers appears to be on the cusp of getting a lifeline from Canada.

The Canadian government is quietly planning to change the key terms of its Automotive Innovation Fund, which has previously offered automakers low-interest loans to support investments in Canada, according to a report earlier this week in the Toronto Globe & Mail. The government is likely to change the fund from a loan program to a grant program.


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