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Alcoa said U.S. tariffs on Canadian aluminum cost it $69 million more than the prior quarter, although higher domestic prices for the metal helped offset the hit. 

Manufacturers are telling the Canadian government to take inspiration from Donald Trump’s tax cuts to help businesses remain competitive as they face cost pressures and uncertainty.

Canada’s statistics agency says it hasn’t received data on U.S. imports of Canadian goods for September, raising the possibility it will be unable to proceed with a release of trade figures.

The automaker is stopping the assembly line that made BrightDrop vans in Ontario. Its future was in doubt after GM announced in April it would halt production for months because of weak demand.

Prime Minister Mark Carney said Canada is in “intensive negotiations” with the U.S. and that he expects to see President Donald Trump at the APEC summit in Gyeongju, South Korea, next week. 

Truck imports that qualify for relief under the U.S.-Canada-Mexico trade agreement will be exempt from the charges, but not buses, according to the fact sheet.

Bank of Canada Governor Tiff Macklem said he sees the Canadian labor market as “soft” despite recent data that showed the country added 60,400 jobs in September.

Stellantis declined to comment on conversations with the government. It has confirmed it’s adding a third shift at an Ontario facility and described Canada as “very important” to its plans.

GM agreed in 2022 to buy nickel supplies from Brazilian miner Vale as part of a strategy to build up its battery supply chain for EVs, but the pause has meant cancellation of the project. 

Industry Minister Melanie Joly would consider Stellantis in “default” in light of federal and provincial government support extended to the automaker.