![\"\"](\"https:\/\/www.europesays.com\/canada\/wp-content\/uploads\/2026\/05\/1778791869_547_Mark-Carney.jpg\")
<\/p>\nCanada\u2019s manufacturing and industrial base is in freefall under Prime Minister Mark J. Carney\u2019s leadership. A viral X post from @wealthmoose on May 14, 2026, lays out the stark reality with receipts: over $50 billion in planned investments have been canceled, moved, or evaporated in key auto, battery, and manufacturing projects across Ontario and Quebec.<\/p>\n
These are not abstract figures. They represent lost factories, shuttered assembly lines, and communities hollowed out. The post highlights Carney\u2019s own words on \u201cclean energy\u201d and \u201celectrification\u201d as the path to a \u201csustainable, prosperous economy\u201d \u2014 delivered against a backdrop of collapsing heavy industry. The irony is impossible to ignore: policies sold as building a green future are instead accelerating deindustrialization.<\/p>\n
The $50+ Billion Industrial Hit List (from the X Post)<\/p>\n
Here are the major projects detailed:<\/p>\n
Honda Alliston, ON \u2192 $15 billion EV and battery complex canceled\/suspended indefinitely. Potential for 1,000+ new direct jobs (plus supply chain thousands); existing plant employs ~4,200 but future expansion lost.<\/p>\n
Stellantis Brampton, ON \u2192 Production moved to Illinois; $500 million in government aid pocketed with no plant.
Stellantis Windsor Battery Plant \u2192 Stake sold for $100 (near-total write-off of planned investment).
GM CAMI Ingersoll, ON \u2192 Permanently closed; $2 billion retooling investment gone.
GM Oshawa, ON \u2192 Production shifted to Indiana; $280 million lost.
Ford Oakville, ON \u2192 EV production moved to USA; $2.3 billion gone.
Northvolt Quebec \u2192 Battery plant bankrupt; $7 billion evaporated (planned ~3,000 jobs lost).
Invista Kingston, ON \u2192 Moving to Texas; 500 jobs gone.<\/p>\n
Umicore Ontario \u2192 Shifting to Poland & South Korea; $260 million gone.<\/p>\n
Total investment lost: Over $50 billion.<\/p>\n
<\/p>\n
Quantified Economic Impacts from These Losses + Broader Problems<\/p>\n
These project failures are not isolated. Canada\u2019s auto sector (which these plants anchor) directly employs ~125,000 workers and supports up to 500,000 indirect jobs across supply chains. It contributes over $17 billion annually to GDP and generates billions in tax revenue (corporate, payroll, and indirect).<\/p>\n
Jobs: The listed projects alone represent thousands of direct jobs foregone or lost (Honda ~1,000+ new; Stellantis Brampton ~3,000 affected; Northvolt ~3,000 planned; Invista 500 explicit; plus GM\/Ford\/Umicore ripple effects). When multipliers are applied (manufacturing jobs typically support 3\u20134 indirect roles in logistics, parts, and services), the total job impact from the $50B+ losses runs into the tens of thousands. Broader manufacturing has shed 18,000 jobs in April 2026 alone, with auto production down sharply.<\/p>\n
Revenue & Tax Revenue: Lost production and investment mean foregone export revenue (autos are a major Canadian export) and tax shortfalls. The auto sector historically generates billions in annual government revenue. These collapses compound revenue losses from delayed or canceled projects.
GDP Impact: A $50B+ hit to capital investment in high-multiplier manufacturing sectors (where each dollar invested can generate $1.5\u20132.5+ in broader economic activity) translates to significant GDP drag \u2014 easily several billion dollars annually once ripple effects hit supply chains, wages, and consumer spending. Canada\u2019s overall real GDP growth is already anemic (forecasts ~1.1% for 2026 amid trade tensions and manufacturing weakness).<\/p>\n
Other Problems: Energy Sector Devastation Under the Same Policies<\/p>\n
The industrial collapse in autos\/EVs is only part of the story. Carney\u2019s net-zero agenda (building on prior Liberal policies) has hammered Canada\u2019s energy superpower status:<\/p>\n
Oil & Gas Emissions Cap: Parliamentary Budget Officer (PBO) analysis shows the cap will reduce production ~5%, costing $20.5 billion annually in GDP and 54,400 full-time equivalent jobs by 2032.<\/p>\n
Canceled Energy Projects: Since 2015 (Trudeau-to-Carney continuity), over $660\u2013670 billion in oil, gas, and resource projects have been canceled or indefinitely suspended. This has cost hundreds of thousands of jobs and tens of billions in annual tax revenue (royalties, corporate taxes, and personal income taxes from energy workers).<\/p>\n
Broader Headwinds: Business investment per worker remains near historic lows. Manufacturing output is contracting. Unemployment is rising (6.9%+), and youth unemployment is especially hard-hit. Per-capita GDP stagnation and record deficits compound the pain.<\/p>\n
Carney\u2019s government responds with photo-ops, task forces, and billions in new subsidies \u2014 yet plants keep closing, and investments flee to the U.S., Poland, or elsewhere. The result: \u201cmanaged decline\u201d with a massive price tag for Canadian workers, taxpayers, and families.<\/p>\n
Canada was once an energy and manufacturing powerhouse. Under Carney\u2019s watch, it risks becoming neither. The numbers don\u2019t lie. And they could lose Alberta, but an activist judge just blocked the will of the people, and it could get messy. The Carbon Tax and regulatory overreach he is placing on the Alberta oil and gas industry is horrific.<\/p>\n
Appendix: Sources and Links <\/p>\n
Energy News Beat will continue tracking these impacts. Real energy policy \u2014 not rhetoric \u2014 is what Canada needs to rebuild.<\/p>\n","protected":false},"excerpt":{"rendered":"Canada\u2019s manufacturing and industrial base is in freefall under Prime Minister Mark J. Carney\u2019s leadership. A viral X…\n","protected":false},"author":2,"featured_media":45556,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[98],"tags":[17,15706,12223,111,20265,5368],"class_list":{"0":"post-45555","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mark-carney","8":"tag-canada","9":"tag-ford","10":"tag-gm","11":"tag-mark-carney","12":"tag-northvolt-quebec","13":"tag-stellantis"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/45555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/comments?post=45555"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/45555\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/45556"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=45555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=45555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=45555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}