Auto theft is now a ‘crisis’ in Canada, leading to $1 billion a year in losses, CFLA says – News Block

Global News on Youtube has the story.

As auto thefts rise in Canada, a new report urges action to counter emboldened thieves.

In Toronto, vehicle thefts have increased 300 percent since 2015, according to a report released Thursday by the Canadian Financing and Leasing Association (CFLA), and the problem appears to be getting worse.

Michael Rothe, CFLA president and CEO, says auto theft is a crisis in this country and can cause losses of $1 billion a year.

Kyle Benning has more on the growing problem and what can be done about it.

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