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National Bank of Canada
Symbol NA
Shares Issued 340,869,181
Close 2025-01-30 C$ 131.21
Market Cap C$ 44,725,445,239
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Globe says National Bank CEO calls for tax reform

2025-01-31 07:33 ET - In the News

The Globe and Mail reports in its Friday, Jan. 31, edition that if President Donald Trump imposes 25-per-cent tariffs on Canadian exports on Feb. 1, it will likely worsen Canada's already poor productivity. The Globe's Rita Trichur writes that federal and provincial legislators, whose eyes glazed over at the mere mention of productivity in the past, must snap out of their stupor. If we continue to lag behind the U.S. and other industrialized nations in labour productivity, our standard of living will suffer significantly. The looming risk of a trade war is creating new urgency to tackle this problem because Canadian exporters could lose their access to the large and lucrative U.S. market. University of Calgary economics professor Trevor Tombe says the potential for trade disruptions with the United States makes it all the more important that federal and provincial officials finally focus on domestic productivity growth and strengthening Canada's internal economy. Governments must also create the conditions to increase business investment in digital technologies, machinery and innovation. National Bank of Canada chief executive officer Laurent Ferreira is among those calling for regulatory and tax reform.

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