The Financial Post reports in its Wednesday edition that the Canadian economy relies heavily on the United States, according to Industry Minister Melanie Joly, who aims to protect jobs in the automotive sector. A Bloomberg dispatch to the Post reports that Ms. Joly says Ottawa is developing a new industrial strategy to open markets for exporters and focus on domestic procurement, addressing U.S. tariffs that affect steel, aluminum, forestry and automotive industries. Ms. Joly attended meetings at the White House on Oct. 7 between Prime Minister Mark Carney and President Donald Trump. The meeting produced no lowering of tariffs, but Ms. Joly says, "Negotiations are going ahead in the right direction." On Oct. 8, Commerce Secretary Howard Lutnick said the U.S. administration does not want to see auto manufacturing in Canada. Mr. Carney says U.S. carmakers actually need a trade deal across North America to be globally competitive. Ms. Joly says the government "will fight for every single job in the auto sector. These are our jobs, these are our people and we will make sure we stand with them."
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