Word: fedchun
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Dates: during 2007-2007
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...anticipation of a stronger loonie. "When you're supplying new vehicles, you have to make sourcing decisions three or four years ahead of production," says Hogan, who is asking his 52 remaining Canadian plants for annual productivity gains of 6% to 10% to avoid offshoring more jobs. Gerry Fedchun, president of the Automotive Parts Manufacturers' Association, says his industry can adjust to a strong loonie rivaling the greenback, but there will be consequences. "We're going to shrink dramatically if the Canadian dollar stays where it's at," says Fedchun...
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