Bank of Canada governor Tiff Macklem says Canada needs to seize opportunities to secure its place in the changing global trade landscape.
Craig Wong, The Canadian PressKevin Rudd, former Australian prime minister and president of the Asia Society Policy Institute, joins BNN Bloomberg for his take on what's next for U.S. trade with Asian partners like Japan and China.
“We need to be effective at the international table to influence how trade is recast and redirected,” Macklem said in prepared remarks. 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.
“We need to build better relationships, produce the products people want to buy, build and maintain the infrastructure to get those products to market, and boost our productivity to compete globally,” he said.
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