The writer is president and chief executive of Scotiabank
The late Canadian prime minister Pierre Trudeau once said that the Canada-US relationship resembled “sleeping with an elephant. No matter how friendly . . . one is affected by every twitch and grunt.” Now the elephant has tossed and turned, and Canada has finally woken up. This could be the watershed year in which we redefine our role in the global economy.
For much of its history, Canada has earned a global reputation for being a peaceful nation and trusted ally — but more recently a place where productivity falls, per capita GDP stagnates and investment is made difficult.
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