In reality, it’s a way of saying “we’re moving out” while trying not to make it look too obvious.
Linamar Corp. says it’s expanding its U.S. manufacturing footprint through a US$300 million deal to buy select North American assets of Aludyne Inc.
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That’s going to hit Guelph, Ontario hard because that is where the head office is located.
My nephew works for a Canadian oilpatch manufacturer that bought an American subsidiary. The smart work will still be done in Canada without tariffs while the stupid work will be done in Texas. I am not sure how this makes the US richer. Maybe the company can even employ a bunch of back door immigrants.