National Bank CEO urges Canada to move faster on priorities in 'dangerous' world
BNN Bloomberg
The chief executive of National Bank of Canada says he’s not changing the bank’s strategy because of the war in the Middle East, but he is urging a faster response from Canada to rising threats abroad.
Speaking at the bank’s financial services conference in Montreal, Laurent Ferreira says the country should be moving quicker on reducing internal trade barriers and boosting energy supplies.
“We need to set politics aside and start thinking about our future, because the world is dangerous.” he said.
“There an opportunity for us to really leapfrog here, to move forward on a lot of issues where we have a lot to offer to the world.”
National security and economic sovereignty start with being an energy superpower, so Canada needs to look at all the options it has, said Ferreira, who focused specifically on fossil fuel exports.
He said Canada needs to export more liquefied natural gas westward and transport more gas east to Ontario, Quebec and beyond, expressing dismay that New Brunswick recently took in an LNG shipment from Australia.
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