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TORONTO - Canada is working closely with automakers to boost financial investment on the market, the country's top financial development minister said these days, welcoming the arrangement achieved between Canada's Unifor union and General Motors.

"We're at this time working closely because of the automakers to make sure that we view way to bring financial investment and I'm really happy to hear concerning the agreement between GM and Unifor. That is a very positive development, " stated, Canada's minister of development, science and financial development.

Unifor, which represents a lot more than 20, 000 Canadian autoworkers, on Sunday which will see C$554 million ($420.81 million) dedicated to regional plants.

It's also preparing for speaks over comparable handles Fiat Chrysler Automobiles and Ford Motor Co.

GM spokesman Tom Wickham said on Sunday the company is working toward "potential assistance agreements" with federal and provincial governing bodies.

Bains said the us government is talking-to GM about supporting its Canadian opportunities and needs to offer further details "in the coming months and months."

"we many tools inside our toolbox therefore the idea is actually for us to interact together to improve investment, " Bains said.

Canada's government stated in its 2016 budget it would extend the united states's Automotive Innovation Fund, which makes use of government resources to encourage industry investment. The federal government recently consented to provide automakers funds without financial loans, which aided both edges reach a deal, in accordance with a source straight mixed up in speaks.



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