CBC Toronto's analysis reveals that over the last two years, American-owned companies secured 10% of competitive contracts from the city, amounting to about $210 million. This figure highlights the potential impact of a proposed city council motion to exclude U.S. companies from future contracts. While Canadian suppliers dominate the procurement landscape with 84% of the contracts, the move could affect major contracts in sectors like architecture and engineering, potentially increasing costs for Toronto but keeping tax money within Canada. Economists anticipate significant ramifications for U.S. businesses and jobs.
Toronto awarding approximately 10 percent of its competitive city contracts, valued at about $210 million, to American-owned firms reveals potential economic implications for both sides.
The prospective motion to bar American companies from city contracts could symbolize a strategic pivot in the ongoing trade war, impacting business and employment in the U.S.
Toronto represents the sixth largest government entity in Canada, which underscores the significance of the city’s procurement decisions in the larger context of international trade.
While the majority of contracts (84 percent) go to Canadian companies, restricting U.S. bids might save tax money in Canada, albeit potentially increasing costs.
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