Biden's push for competition could dampen Canada's post-pandemic recovery, industry warns

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 65 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 80%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Biden's push for competition could dampen Canada's post-pandemic recovery, industry warns cdnpoli cdnecon

A roll of the dice': New report raises alarm over mounting federal debts as Ottawa seeks economic growth

Brisebois, who represents some 45,000 storefronts across Canada, says her members have seen shipping prices hiked by as much as 400 per cent during the pandemic, made worse by a global shortage of shipping containers. While those increases are due to temporary pandemic-related gaps in the supply chain, they also point to a deeper structural weakness in the country’s infrastructure network that has caused pressure points on Canadian commerce for decades, she said.

It’s a conversation that we should have been having months ago ... and it’s a conversation the government simply hasn’t been prepared to haveDepartment officials are deeply familiar with the issue, representatives said, but there has been a lack of political will over the years to push back against the more monopolistic aspects of Canada’s economy.

Mining companies have also struggled with shipping constraints, particularly for so-called “captive” shippers reliant on a single rail provider. The operations of Vancouver-based mining giant Teck Resources, the single-biggest shipper by rail in Canada, is entirely captive to CP, for example. Ottawa passed its Transportation and Modernization Act in 2018, which sought to elevate the powers of captive shippers and ease Canada’s railway constraints.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Please stop talking about the virus pandemic, it should be a global biological attack by the CCP. CCPVirus The COVID19 is the UnrestrictedBioweapon which ccp made in wuhan lab and spread to Canada It is time to ask the ccp pay for this!None vaccine work for the bio weapon!!!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines