Falling oil prices could boost Windsor auto industry

Assistant Professor Mike Moffatt speculates that auto sales will soar in the U.S. in 2015 if oil prices continue to decline. Not only that, if the Canadian dollar stays down, Windsor will become more competitive.

“(General Motors) and Ford and Chrysler aren’t going to all of a sudden change their production decisions based on day-to-day currency fluctuations,” Moffatt said. “But if the Canadian dollar stays low for a very long time, you might start to see plant expansions going on as well in Canada to take advantage of that low dollar.”