The Globe and Mail reports in its Wednesday edition that Scotiabank chief executive officer Scott Thomson says Canada must boost investment in energy infrastructure to export resources to foreign markets. The Globe's Stefanie Marotta writes that during the bank's annual shareholder meeting in Halifax on Tuesday, Mr. Thomson called on the federal government to remove barriers to transporting energy resources and critical minerals. He said the next prime minister should commit to achieving real GDP per capita growth of 2 per cent annually. "Canada is facing one of the most consequential economic and existential challenges that it has faced in its 158-year history," Mr. Thomson told shareholders. "This is no mere inflection point -- this is something bigger. The country cannot afford to stand still, to wait to see where the chips will fall, and then react." The U.S. natural gas industry contributed $45-billion to the economy in 2024 as it helped global partners transition from thermal coal to options with lower emissions. Meanwhile, red tape and regulatory barriers hindered Canada's ability to launch its own "meaningful" export terminal, Mr. Thomson said. European leaders have said they want Canada as a resource partner.
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