Global Trade Alert
Global Trade Alert

Canada (Ontario): Magna International Inc secures over CAD 23 million in grants through Invest Ontario

Announcement

15 Feb 2023

In February 2023, Invest Ontario allocated around CAD 23 million (USD 17.49 million) in grants to Magna International Inc to support projects related to electric vehicle component production. 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

15 Feb 2023

Revocation date:

No revocation date

Financial grant In force

On 15 February 2023, Invest Ontario allocated around CAD 23 million (USD 17.49 million) in grants to Magna International Inc to support projects related to electric vehicle component production. The s...

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