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CANADA: Macklem To Talk On Trade Protectionism Impact Next Week

CANADA

Q: With protectionism rising around steel, EVs, and now even canola, where do trade issues rank on the list of risks? 

Macklem: I won’t comment on specific initiatives. There is no question the global trade backdrop is changing significantly. I’m giving a speech next week with a lot more to say, including a press conference so you can ask me then. The pandemic has really highlighted the need to invest in the robustness of supply chain, which will have a cost. Geopolitical tensions have increased and that is changing trade relationships. 

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