Canadian auto dealer editor Todd Phillips interviews Stephen Poloz, former Bank of Canada Governor, about his upcoming CADA Summit talk on Feb. 3, 2021. Poloz was the governor at the start of the pandemic when the government rolled out a host of programs like CERB and CEWS to support Canada’s economy.
CIB commits to $220M loan for more public fast charging ports
The Canada Infrastructure Bank (CIB) announced a $220 million loan commitment to FLO to bring over 2,000 public fast charging ports online across Canada by 2027. The investment by CIB is the first under its Charging and Hydrogen Refuelling Infrastructure …
OTA updates to fix recalled cars will save OEMs $1.5B
A new report from ABI Research found that, by 2028, automakers in the United States will use Over-the-Air (OTA) updates to remotely implement fixes to recalled vehicles, saving them US$1.5 billion in the process. According to the firm, OEMs currently …
Ontario’s Digital Dealership Registration to include used cars
Ontario is expanding the online Digital Dealership Registration system to include used cars, which means that DDR participating dealerships can register their new and used vehicles online. The provincial government provided the information in a news release published on July …
Sylvie Gagnon hired to boost Templeton Marsh M&A in Quebec
Templeton Marsh Mergers & Acquisitions has hired ScotiaBank Auto Finance executive Sylvie Gagnon as Director of Sales in Quebec to step up its presence in the province. Templeton Marsh Managing Partner Samir Akhavan told Canadian auto dealer he hired Gagnon, …
Canadian used car prices experience steepest decline in 18 months
The Canadian used wholesale auto market was down -0.56%, according to Canadian Black Book. This is the largest week-over-week decrease in over 18 months. The 2017-2019 average was -0.37%. The Canadian wholesale market for used cars declined, down -0.39%, and …
Nissan Canada becomes official sponsor of Calgary Flames hockey team
The Calgary Flames will soon have a brand new ride around the Saddledome, as the team has a new category-exclusive sponsorship from Nissan Canada. The four-year deal includes a 2023 Nissan Frontier to take players and management to community events, …