Scotiabank CEO in support of free trade but wants governments to address concerns

Scotiabank CEO calls for new free trade rules

TORONTO — Scotiabank CEO Brian Porter is calling for an updated North American trade agreement that includes provisions on services, electronic commerce and intellectual property.

Speaking during the bank’s annual shareholder meeting, Porter said there must be “positive public dialogue” on the benefits of free trade as policymakers look to renegotiate the terms of NAFTA.

The North American Free Trade Agreement between Canada, the United States and Mexico has been in force since early 1994 and some observers have said it doesn’t adequately address newer technologies.

Porter says Scotiabank (TSX:BNS) supports the free movement of goods and services throughout the continent.

He says business leaders and politicians must address the concerns of people who feel that their livelihoods have been threatened by open markets.

For example, Porter says there should be training opportunities to help displaced workers get back into the workforce.

Follow @alexposadzki on Twitter.

The Canadian Press

Just Posted

Fernie misses mark for Hockeyville final four

Residents of Fernie were surprised Saturday night, when the final four communities… Continue reading

Fernie local apprehended after break and enter

An eagle-eyed resident has helped Elk Valley police nab an alleged burgler.… Continue reading

Former Riders coach reflects

Mohr looking for new opportunities after contract ends

Athletes ready for world stage

Three Fernie athletes to compete in the world’s biggest junior freeride competition.

Hydro prices to surge

Elk Valley businesses brace for 3 per cent Hydro rate increase.

Ottawa proposes restricted pot labels, packages

Packaging will include red stop sign with marijuana leaf and ‘THC’

Facebook’s Zuckerberg admits mistakes in privacy scandal

Zuckerberg admits to privacy scandal involving a Trump-connected data-mining firm, but no apology

UPDATE: Former B.C. city councillor sentenced nine months for sexual assault

Dave Murray, convicted this past fall, hired a private investigator to intrude on the victim’s life.

Online threat to U.S. high school traced to Canadian teen

A 14-year-old girl has been charged in connection with an online threat against a high school

Vaping device overheats, burns down home on Vancouver Island

Nanaimo Fire Rescue says units could cause fires in other homes and even aircraft

LinkedIn: Top 25 places to work in Canada

LinkedIn has compiled a list of the top companies to work for in 2018

Province warning rabbit owners after confirmed cases of deadly virus

Testing confirmed feral rabbits in Nanaimo and Delta had died from rabbit hemorrhagic disease

Painting of B.C. lake by Winston Churchill sells for $87,000

Churchill had painted the work in 1929 during visit to an area near Field

New lead in one of six B.C. searches that remain unresolved

New details in case of couple who’d been flying from Cranbook to Kamloops when plane disappeared

Most Read