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Stellantis May Abandon Brampton for Good: What It Means for Ontario Jobs

  Published August 18, 2026 With less than 24 hours left before Washington's 50% tariff deadline hits at 12:01 a.m. Wednesday, the headlines are all about cement, wine, and dairy. But the real fight holding up a deal is happening in the auto sector — and this week it collided with a story much closer to home: Stellantis is weighing whether to walk away from its Brampton, Ont. assembly plant for good. Put those two stories together and you get a clearer picture of what's actually at stake for Ontario workers, renters, and taxpayers than any tariff-deadline countdown can show on its own. The Trade Deal Is Stuck on Auto Rules, Not Wine or Cement Canadian and U.S. negotiators have been in Washington for a week trying to head off Trump's Section 338 tariffs — a rarely used trade law that, unlike earlier rounds, doesn't recognize USMCA certificates of origin for the goods it covers. Autos, alcohol, and dairy are all on the list, but autos are the sticking point. Canada is pu...
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How Enbridge, Open Text and other stocks moved on Wednesday


The stock market saw some notable movements on Wednesday, as several companies reported their earnings or made strategic announcements. Here are some of the highlights:

  • Enbridge (ENB-T) rose 1.2 per cent after it forecast higher core earnings and raised its dividend for 2024. The pipeline operator expects higher demand and volumes across its network, as well as lower costs and capital spending. The company also said it had secured funding for over 75 per cent of its US$9.4-billion bid to buy three utilities from Dominion Energy.
  • Open Text (OTEX-T) increased 1 per cent after it sold off a mainframe-computer business it acquired earlier this year from Micro Focus for US$2.275-billion. The company said it would use the proceeds to improve its financial position and focus on its cloud and artificial intelligence businesses. Analysts said the divestiture would enhance Open Text’s valuation and profitability.
  • Alimentation Couche-Tard (ATD-T) slid 3.2 per cent despite reporting stronger-than-expected second-quarter results The convenience store and gas station operator saw solid fuel margins and cost control, but also faced softening in U.S. same-store sales due to lower cigarette sales and consumer spending. The company tightened its full-year profit outlook.
  • First Quantum Minerals (FM-T) sustained further declines after Panama’s president said its copper mine Cobre Panama would be shut down, following a Supreme Court ruling that declared its contract unconstitutional The company said it had suspended commercial production at the mine and was putting it into care and maintenance. The ruling puts the company on the long and unpredictable road of international arbitration.
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