Globe and Mail: Canada must ditch fear of mistakes to buoy economy, secure trade deals, RBC CEO says
RBC CEO Dave McKay urged Canada to “stop cocooning its economy in bubble wrap” and move swiftly to strike “grand-bargain” trade deals that capitalize on the country’s vast natural resources. Speaking at a Calgary Chamber of Commerce luncheon, McKay said global demand for Canadian energy is strong — with countries like Germany, Japan and South Korea “not going to wait forever” — but regulatory delays and risk aversion have stalled progress. He warned that “we’ll have to accept some risks” to secure long-term prosperity. He added: “We’re waiting for someone else to solve it. We have to solve it ourselves.”
