OTTAWA—Ford Motor Co. has reached a tentative labor deal with its 5,400 unionized employees in Canada that also secures a nearly $1.5 billion investment in two plants and a commitment to build electric cars in suburban Toronto.
The promise from the Dearborn, Mich., auto maker represents a shot of confidence for Canada’s auto sector. Factories in the country produce roughly two million vehicles annually, but that is down 25% from 2000 as car makers invested in lower-cost regions such as Mexico and the U.S. Sunbelt.
The…
