Canada's auto advisor says the country's supply chain is its biggest weakness, when it comes to attracting new investments from manufacturers.
Ray Tanguay is making that his number one priority as he works to develop a business plan for the country moving forward.
"We have the biggest trade deficit in the supply chain, so we need to bring more suppliers over here," he explains. "Suppliers contribute over 75% of the total cost of making a car, so we talk a lot about labour, but labour is a much smaller percentage."
The former Toyota executive expects to release his first report as auto advisor in about six months.
In the meantime, he says the government simply needs to make an environment conducive for investments to be made.
Tanguay wants to build on some positives he feels Ontario and Canada can already highlight for auto businesses, such as their corporate tax rates, a large amount of technology-based companies, and an educated and loyal workforce.
