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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Canada Pledges More Money for Autos

Automakers could be getting more money. A spokesman for the Canadian prime minister said his government would announce a bailout package for GM and Chrysler on Saturday. Officials were negotiating the package Friday.

Canada had previously promised to provide aid worth about 20 percent of any U.S. help.

Detroit's close proximity to Canada means the country also has a large stake in the automakers' future. Many auto workers live in Canada, and a collapse of any one of the "Big Three" would have severe economic repercussions for the country.

--Kim Hart

By Kim Hart  |  December 19, 2008; 5:39 PM ET
Categories:  The Ticker  
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