Bank of Canada Governor Urges Canada to Reduce Trade Barriers Amid Supply Chain Risks

Published on September 10, 2024

Bank of Canada governor Tiff Macklem says Canada needs to seize opportunities to secure its place in the changing global trade landscape. In a speech to the Canada-UK Chamber of Commerce in London on Tuesday, he said international trade is being rewired, recast and redirected. “We need to be effective at the international table to influence how trade is recast and redirected,” Macklem said in prepared remarks. The governor said Canada needs to invest in trade infrastructure and reduce trade barriers as shifting supply chains represent risks as well as opportunities for Canadian business. Canada needs to invest in the electricity grid and transportation infrastructure, while businesses need to invest in new equipment and innovation to remain competitive, he says....

Continue reading on website
Other news

‘Inevitable’ Some Early-Release Prisoners Will Reoffend, Says Inspector

September 10, 2024
It is “inevitable” that some prisoners being released early on Tuesday will reoffend and end up back in custody again, the chief inspector of prisons has said.Charlie Taylor made the comments ahead of 1,700 inmates being released in one day in England and Wales as part of the government’s early release strategy to relieve prison overcrowding.Taylor defended the government’s decision, saying it had

Eight African Migrants Detained, Driver Charged With Human Smuggling By Manitoba-U.S. Border

September 10, 2024
A Somali national living in Winnipeg is facing human smuggling charges after federal police detained eight African migrants near the Canada-U.S. border in Manitoba.Officers from the RCMP Federal Policing Northwest Region’s Integrated Border Enforcement Team in Manitoba and their U.S. counterparts became aware of a border breach Aug. 22 west of the Gretna port of entry, police said in a press relea