Briefing

Michael Sabia warns against effects of protectionism, U.S.-China rivalry on world economy

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The outgoing Caisse CEO said the rise of economic nationalism has turned countries into competing silos, affecting everything from supply chains and trade to the fight against climate change. (The Canadian Press)

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Talking point: The speech to Montreal’s Canadian Club was a pro-business broadside against the tepid global response to warming temperatures and rising seas. Noting the economically calamitous fires in California fires, Sabia said sustainable economic growth is in the world’s interest. Sabia will leave Quebec’s pension fund manager in February with the institution molded to that worldview; under his leadership, it’s placed an increased emphasis on green infrastructure and pushed to invest beyond Quebec’s borders. Though he will head up the University of Toronto’s Munk School of Global Affairs & Public Policy next year, the transplanted Quebecer will continue to live in Montreal.