A local financial advisor is calling the global changes taking place in response to U.S. trade tariffs “a monstrous opportunity” for Canada and the E.U. – but all countries are now facing what he calls “a wake-up call” on energy policy.
Larry Short of Short Financial, a branch of iA Private Wealth, says while there are opportunities for new trade alliances, it will also require some hard decisions.
Germany, for instance, says Short, had moved away from nuclear power but suddenly had to turn to coal-fired power generation when Russia turned off the fuel taps.
In Canada, he says, it’s clear that we should have eliminated inter-provincial trade barriers “years ago.”
“We do need an east-west pipeline corridor for energy – for electricity, for natural gas and for oil,” says Short. “That type of long-term infrastructure building (in Canada and countries like Germany) will benefit those countries. So it’s a bit of a wake-up call to say…here’s what we’re faced with, and here’s what we need to adjust to.”
