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

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Supply-chain turbulence is here to stay, so what is Canada doing about it?
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OTTAWA — Finance Minister Chrystia Freeland has lots of reasons to be losing sleep. Soaring living costs have Canadians lined up at food banks. The fed

OTTAWA — Finance Minister Chrystia Freeland has lots of reasons to be losing sleep.

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. “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.

“Democracies must make a conscious effort to build our supply chains through each other’s economies,” Freeland said in an October speech. Ottawa’s pitch for friend-shoring goes beyond what Canadians import. And upping its export game could help Canada avoid other snarly supply-chain issues.

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