"I think Canada, our industry is still somewhat based in America's industry"

Scott Speedman's quote suggests that Canada's industry is still greatly reliant on the United States' industry. This could be translated in a few various methods. To start with, it might suggest that Canada's market is still heavily affected by the US, which the 2 countries are closely linked in regards to their particular industries. Secondly, it could imply that Canada's market is still largely based on the United States for resources, technology, and other forms of support. Finally, it might imply that Canada's market is still mainly based on the US industry in terms of its structure and operations. Regardless of the analysis, it is clear that Scott Speedman believes that Canada's market is still heavily dependent on the US market.