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Canadian heavy-duty truck exports to plunge 29%

TORONTO, Ont. -- Export Development Canada says Ontario auto exports will drop 6% this year, costing the economy ab...


TORONTO, Ont. — Export Development Canada says Ontario auto exports will drop 6% this year, costing the economy about $4.8 billion.

The agency says heavy-duty truck exports will take the biggest hit, dropping 29% to $3.93 billion as a result of the 2007 emission standards.

The report blames the slumping US vehicle market for the decline. About 90% of Canadas auto output is shipped abroad. This year marks the third consecutive year of decline for the industry.

EDC economist Stephen Poloz said the heavy-duty truck market will begin to recover in 2008.


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