Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Canada concerned about supply chain issues, watching ports 'closely'

Published 10/14/2021, 02:07 PM
Updated 10/14/2021, 02:37 PM
© Reuters. Canada's Deputy Prime Minister and Minister of Finance Chrystia Freeland speaks during a news conference in Ottawa, Ontario, Canada, October 6, 2021. REUTERS/Patrick Doyle/Files

(Reuters) - Canada is concerned about the challenges facing global supply chains and is watching the country's ports very closely, Finance Minister Chrystia Freeland said on Thursday.

Freeland, speaking to reporters in Washington after meetings of the World Bank and International Monetary Fund, said she was broadly optimistic about the strength of Canada's economic recovery from COVID-19.

The rebound in demand for goods as restrictions are lifted has exposed supply chain shortages, with firms scrambling for workers, ships and even fuel to power factories, threatening the fledgling bounce back.

"The issue of both supply chain congestion and supply chain shortages, was discussed ... it's definitely a concern on the minds of finance ministers around the world," Freeland said.

"We are definitely mindful of the supply chain issues in the Canadian economy. We are monitoring the supply chain and Canadian ports, very, very closely."

Freeland said the process of restarting the economy after the shutdowns was inevitably going to be uneven.

Latest comments

If maybe Canadian border will be open but no Canada wants to be Australia
she's packed on the pounds. i guess even being corrupt has it's costs.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.