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Results: 196 - 206 of 206
Todd Stafford
View Todd Stafford Profile
Todd Stafford
2020-02-25 17:52
Well, we make industrial and commercial cables. We do not make residential cables. Obviously, commercial construction in the metropolitan areas is very strong. We've established seven warehouses in the U.S. that we ship to customers from, covering mostly the eastern seaboard down into Texas, because freight is a big issue for large cables. We are slowly expanding into the Midwest, into the oilfields of the Dakotas. We make a lot of industrial cables for mining. There's a good mining market in Nevada.
Those are all opportunities for us.
View Chris Lewis Profile
CPC (ON)
View Chris Lewis Profile
2020-02-25 17:53
Are there any concerns and/or fears that the new CUSMA—or the new NAFTA, if you will—will impact the ability of companies such as yours to find new markets either in the U.S. or abroad? Is there any concern?
Todd Stafford
View Todd Stafford Profile
Todd Stafford
2020-02-25 17:53
Our only concern is that it's an opportunity for us if Canada participates as an equal partner, but Mexico is an untapped market for us.
View Chandra Arya Profile
Lib. (ON)
View Chandra Arya Profile
2020-02-20 12:28
I understand that. My question was specifically this: Do you expect your members to increase their capacity to become global players, to compete with the rest of the world market, based on this trend?
Matthew Poirier
View Matthew Poirier Profile
Matthew Poirier
2020-02-20 12:29
Yes, and that's where I was going with this. It is our hope that once this is a done deal, with the certainty that this will return to the market, it will bring investment flows back into Canada. When you have all this uncertainty and an un-negotiated trade agreement for something as fundamental to manufacturing as NAFTA or CUSMA, what happens is that all the investments dollars go to the safest harbour, which in this situation is the United States.
So our hope—
View Stéphane Lauzon Profile
Lib. (QC)
Mr. Simard, do you agree that the aluminum produced by Quebec or Canada is of high quality and is well-known in the automotive industry?
This constitutes an opening of the market to continue negotiations and move forward. You spoke earlier about something significant. We haven't built a plant in several years because of globalization and construction costs. Those are the two main reasons that you provided. You gave better explanations than I did, but that's the gist of it.
Don't you think that the signature of the new agreements could provide better outlets and foster the development of the aluminum industry in Quebec and Canada?
Jean Simard
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Jean Simard
2020-02-18 17:44
The decisions to invest in projects that cost millions of dollars are based on basic market factors, some of which I listed earlier. There's the price signal and the cost curve in relation to the competition.
As long as the price of metal in the market hasn't fallen...The current price is between $1,600 and $1,700 per tonne. At $1,700 per tonne, about 10% of the global capacity is in the red, and at $1,600, that figure is 40%. No one will invest a single dime in projects, except in China, where they're giving out subsidies like candy to increase capacity and production.
View Stéphane Lauzon Profile
Lib. (QC)
You gave a good explanation of the Chinese market. However, here in Canada, nothing in the agreement has prevented us or will prevent us from building plants. It has nothing to do with that.
View Daniel Blaikie Profile
NDP (MB)
Thank you.
Mr. Williams, I just want to pick up on a comment you made earlier about investment in manufacturing in Canada struggling to attract that investment. One of the reasons for that is that Mexico is a low-wage economy, and that has caused a lot of jobs in the auto manufacturing sector to leave Canada.
In your opinion, is there any hope that some of the labour provisions of this agreement are going to help incent automakers to locate production in Canada, or do you think that the discrepancy between Canadian wages and Mexican wages, along with whatever other input costs there would be, are going to continue the trend of taking production out of Canada and locating it in Mexico?
Huw Williams
View Huw Williams Profile
Huw Williams
2020-02-18 18:26
It's a great question, and I think that there are reasons to be optimistic.
First of all, Canada has a great value proposition with a consistent supply of energy, a highly educated workforce, a track record in the factories in Canada of high levels of quality and reliability that are award winning across the sector. All of those things are counterbalances to the draw of Mexico and the United States, but we can't be blind to that draw of cost.
That's where we make sure we put the most competitive mix forward in terms of what the cost structure is and also the ease of coming here in terms of doing business. That's what we have to make sure the Minister of Innovation, Science and Economic Development and his provincial counterparts are keying into, putting the best value proposition forward, because those other jurisdictions are really selling some of those other provisions.
Results: 196 - 206 of 206 | Page: 14 of 14

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