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National Bank of Canada
Symbol NA
Shares Issued 391,288,198
Close 2025-04-24 C$ 118.48
Market Cap C$ 46,359,825,699
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Globe says National Bank CEO warns of complacency

2025-04-25 05:31 ET - In the News

The Globe and Mail reports in its Friday, April 25, edition that National Bank of Canada chief executive officer Laurent Ferreira asserts that the next prime minister should reform the federal emissions cap and impact assessment for energy and natural resource projects. The Globe's Stefanie Marotta writes that Mr. Ferreira warns that Canada's biggest risk is complacency amid economic uncertainty and over regulation. On Thursday he urged the government to fast-track energy infrastructure development, criticizing Bill C-69 and the emissions cap for being ineffective in their current forms. He said: "This is about building infrastructure in our country -- whether it's renewable or oil and gas -- and it is a very big impediment to economic development and building infrastructure in our country. We hear it from our clients constantly and we see it in our numbers. I've been president for 3-1/2 years, and 90 per cent of everything that we do in renewable energy infrastructure is in the United States of America. Things don't move here." Mr. Ferreira emphasized that the next government must reduce regulatory barriers to energy infrastructure to avoid further harming Canada's productivity and economic growth.

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