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Four in 10 Canadian manufacturers have moved or plan to move production to the U.S., KPMG survey finds

TORONTO, July 7, 2026 /CNW/ – One year after manufacturers warned that U.S. tariffs posed an existential threat to their businesses, a new KPMG survey finds four in 10 manufacturers have moved production to the U.S. or are considering doing so as they adapt to ongoing trade uncertainty and mounting competitive pressures.

I’m beginning to think Carney gets a success fee for every relocation to the US.

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