Laurent Ferreira, CEO of National Bank of Canada, advocates for protectionist measures and business-friendly reforms in response to US tariffs and protectionism. He proposes a 'Buy Canada Act' for government procurement and investments in key sectors, alongside tax and regulatory relief for businesses.
Laurent Ferreira, president and chief executive officer of the National Bank of Canada. -- With US tariffs looming and growing protectionism south of the border, National Bank of Canada’s Chief Executive Officer Laurent Ferreira is calling on the country to respond with its own nationalist reforms, including a “ Buy Canada Act .”
US President Donald Trump signaled this week he’s considering imposing tariffs of as high as 25% on Canada and Mexico by Feb. 1. The Canadian government is preparing a number of responses of its own, but most scenarios would still come at a heavy cost for Canada and lead to a potentially deep and lengthy recession.
To attract more capital investment, Canada needs a more predictable business environment than it’s had for the past 10 years, Ferreira said in response to a question at the event in Montreal.
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