Canada’s Economy is Challenged and Senator Doug Black Seeks Understanding
With an eye on the pressures impacting Canada’s economy, Elected Alberta Senator Doug Black who chairs the Standing Senate Committee on Banking Trade and Commerce is seeking a special meeting of the committee with the Governor of the Bank of Canada.
Senator Black said, “Today I have written to the Government Representative and to the Leader of the Opposition in the Senate asking for their approval to convene the Committee to hear from Bank of Canada Governor Stephen Poloz. I am very concerned about the global economy and its impact on Canada.”
Global uncertainties affect economic performance in Canada. Escalating global trade tensions, the ongoing dispute between Canada and China, the fact that a number of central banks are reducing interest rates, and recent employment and economic data are just a few of the matters to hear about from the Bank of Canada.
“When our country is faced with economic challenges and uncertainties, it is prudent that we take every step possible to understand what causes are at play, and how we can respond” noted Senator Black.
- Under Senate Rule 12-18(2) (b), as the Senate is currently adjourned for the summer, the Representative of the Government and the Leader of the Opposition must approve special meetings.
“When our country is faced with economic challenges and uncertainties, it is prudent that we take every step possible to understand what causes are at play, and how we can respond.”
— Senator Doug Black