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No spark for Canada car sector despite C$ drop

Toronto

A STRONG Canadian dollar has wounded the country's car manufacturing sector over the last decade, but the currency's recent drop to a near six-year low is unlikely to spur a rush of new investment, say senior industry executives.

Canada has struggled in recent years to win new investment from carmakers, losing out to both the United States and lower-cost Mexico. While some major carmakers have announced new investments in Canada in recent months, they are expected to preserve jobs rather than...

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