Canada needs to become more aligned with the European market at a time when U.S. tariffs pose a real challenge to the country’s economy.
That was the message from Mélanie Joly, Canada’s federal minister of industry, at the Conference of Montreal on Monday.
Joly wants Canada to double its exports to Europe.
“Europe’s needs in terms of aluminum are massive as we’re developing even more defence production and that is something that we want to work together,” said Joly, who is also the minister of Canadian economic development for Quebec regions.
“I think also that we can do even more in terms of aerospace. And we know that Quebec is a hub, but also Canada is a hub for aerospace.”
Added François-Philippe Champagne, the federal finance and national revenue minister: “We have historical ties with Europe. CETA (Comprehensive Economic and Trade Agreement) is a great free trade agreement that allows us to operate on a preferential basis in Europe.”
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Sounds good to me, let’s get 'er done. Hopefully if we can finally get this De Havilland factory in Alberta up and running we can even further expand our Aerospace capacity and diversify western Canadian industry.
Try and do that an some PC asshole will either steal the money or shut it down.
With an independence vote set for Alberta investment will crash just like it did when the Quebec reforendom was alive.
It shows how effective the whole “Albertan independence” campaign by US interlocuters is - it’s a lose-lose for Canada either way because the reputational damage it will do to Alberta’s economy. And all you need to do this kind of shit is some analysts, a Facebook troll farm, and some weak politicians.
The ground is already broken, De Havilland doesn’t have anywhere else to go. The options are finish it or De Havilland folds permanently and everyone already invested loses it all.