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High profits for automakers

2015-06-25 19:52:46| Auto Dealers - Topix.net

A new report says Canadian automakers are expected to reap their highest profits in more than a decade this year, helped by the weak loonie and a strong North American appetite for new vehicles. The Conference Board of Canada report anticipates that production of vehicles and parts by Canadian automakers will grow by 2.5 per cent this year.

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