Ottawa’s $15B Stellantis gamble just BLEW UP

Ottawa gave Stellantis $15B with no job guarantees. Now the automaker is expanding production in the U.S., as Algoma Steel announces 1,000 layoffs despite receiving hundreds of millions in support.

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Ottawa handed Stellantis $15 billion in subsidies to build electric-vehicle battery capacity in Canada. But with no job guarantees in the deal, the automaker has now announced major new investments and expanded production in Illinois and Michigan, including a 50% production increase and 5,000 new U.S. jobs.

Conservative Leader Pierre Poilievre says the Liberals effectively “bankrolled Stellantis’ U.S. expansion,” noting the company’s new U.S. investment is almost identical to the subsidy Canadians were forced to provide.

Canadian Taxpayers Federation federal director Franco Terrazzano joins Marc Patrone to break down the scale of these subsidies and why Ottawa keeps writing billion-dollar cheques with no safeguards.

Also, OneBC Caucus advisor Wyatt Claypool weighs in on the growing turmoil inside the BC Conservative Party, where leader John Rustad has resigned after losing caucus support.