Supply-chain turbulence is here to stay, so what is Canada doing about it?

By Dylan Robertson
The Canadian Press in CP24
December 14, 2022
Category: Finance & Economics
Region: Canada

Chrystia Freeland

Finance Minister Chrystia Freeland in April, said… “If you were to ask what keeps me up at night, I’d say, ‘China’s zero-COVID approach and the very severe lockouts we’re seeing right”… because these, more than anything else, were sure to wreak havoc on the supply chains Canada relies on. …Now, Prime Minister Justin Trudeau’s government is attempting to strike a tricky balance in managing Canada’s supply chains, trying to shore up trade with like-minded countries while still taking advantage of China’s unabated growth. …A September analysis by Statistics Canada found that companies still haven’t fully adjusted, with manufacturers reporting that raw materials cost a fifth more this summer than they did the year before. “Businesses expect supply chain issues to continue into the short term, specifically when acquiring inputs, products or supplies domestically and abroad, and maintaining inventory levels,” the report said.

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