The finance minister made the comments about a rapidly changing global trade landscape in a speech at the Canadian Club Toronto on Thursday, warning that nostalgia for past multilateral trade deals “is not a good strategy” moving forward. (The Logic)
Talking point: Champagne added that Canada’s large network of trade agreements—unique among G7 nations—positions it well to navigate shifting global dynamics. When it comes to removing internal trade barriers, he said, “we did our work on the federal level, but there’s more to be done” by provinces and territories to accelerate the process. He also urged businesses to buy Canadian and adopt technology from domestic suppliers, much as the federal government has itself promised to do. “That’s something we need to learn, to be more our own best customers,” he said at the event.