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

Flood risks downgraded in the RDN

Effective immediately, the Regional District of Nanaimo is deactivating it’s Level 1… Continue reading

Qualicum Beach age restriction bylaw sent back to staff for changes

Legal non-conforming status could effect property values, councillor says

RDN approves new service to fund film industry

Qualicum Beach mayor disagrees with electoral areas share

VIDEO: French Creek, Coombs hit with flooding

RDN offering sandbags to residents in low-lying areas

Highway 19A reopened north of Qualicum Beach

Repair work completed 48 hours after Sunday washout near Cook Creek Road

Parksville gift shop turned into gingerbread house

Resort buys hundreds of pounds of gingerbread, icing and candy

Vehicle found, woman still missing, last seen in Parksville

Oceanside RCMP requesting public assistance in locating Carmel Georgina Gilmour

Traffic counter stolen in Qualicum Beach

Item worth thousands of dollars missing from residential neighbourhood

Charge laid against B.C. man in cat torture

Joshua Michael Lemire, 20, has been charged with one count of causing unnecessary pain/suffering to an animal.

Oxford Dictionary responds by video to Victoria boy’s bid for levidrome

William Shatner tweet garners attention of Oxford

Site C allows more wind, solar energy, experts say

Lawyer, economist argue for completion of B.C. Hydro dam

Record-high temperatures reached in 18 spots in B.C.

White Rock, Victoria and the Fraser Valley made new records for the unusually warm November day

Supreme Court to hear case on whether ISPs can charge for IDing online pirates

Film producers seeking to crack down on people who share copyrighted material illegally

Canadian initiative fuelled by Terry Fox’s dream may be only hope for young cancer patients

Young cancer patients in rural or remote areas did not always get the testing available

Most Read