Institution: Canada's share of automotive production in North America fell to its lowest level in 30 years.

According to an analysis of data by BMO Capital Markets, Canada's auto production fell to its lowest level in two and a half years in June. The Canadian automotive industry is in turmoil due to President Trump's proposed 25% tariff on all foreign vehicles. Canadian auto manufacturers have either temporarily shut down parts of their factory capacity or announced production cutback plans. BMO said that data shows total vehicle assembly in North America declined by 3.3% in the first half of the year, with a larger decline in Canada, reaching 6.4%. In the second quarter, Canada's share of North American auto production dropped to 7.6%, the lowest level in over 30 years. In June, Canada's vehicle assembly volume fell by 5.8% from the previous month, BMO said, which may weigh on Canada's June and second-quarter GDP figures.

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