The Japan Times - Growing trucker protest raises fears for Canada economy

EUR -
AED 4.277424
AFN 76.282379
ALL 96.389901
AMD 444.278751
ANG 2.0846
AOA 1067.888653
ARS 1666.882107
AUD 1.752778
AWG 2.096182
AZN 1.984351
BAM 1.954928
BBD 2.344654
BDT 142.403852
BGN 1.956425
BHD 0.438198
BIF 3455.206503
BMD 1.164546
BND 1.508021
BOB 8.044377
BRL 6.334667
BSD 1.164081
BTN 104.66486
BWP 15.466034
BYN 3.346807
BYR 22825.091832
BZD 2.341246
CAD 1.610276
CDF 2599.265981
CHF 0.936525
CLF 0.027366
CLP 1073.571668
CNY 8.233458
CNH 8.232219
COP 4463.819362
CRC 568.64633
CUC 1.164546
CUP 30.860456
CVE 110.752812
CZK 24.203336
DJF 206.963485
DKK 7.470448
DOP 74.822506
DZD 151.068444
EGP 55.295038
ERN 17.468183
ETB 180.679691
FJD 2.632397
FKP 0.872083
GBP 0.872973
GEL 3.138497
GGP 0.872083
GHS 13.3345
GIP 0.872083
GMD 85.012236
GNF 10116.993527
GTQ 8.917022
GYD 243.550308
HKD 9.065929
HNL 30.604708
HRK 7.535429
HTG 152.392019
HUF 381.994667
IDR 19435.740377
ILS 3.768132
IMP 0.872083
INR 104.760771
IQD 1525.554607
IRR 49041.926882
ISK 149.038983
JEP 0.872083
JMD 186.32688
JOD 0.825709
JPY 180.935883
KES 150.58016
KGS 101.839952
KHR 4664.005142
KMF 491.43861
KPW 1048.083022
KRW 1716.311573
KWD 0.357481
KYD 0.970163
KZT 588.714849
LAK 25258.992337
LBP 104285.050079
LKR 359.069821
LRD 206.012492
LSL 19.73949
LTL 3.438601
LVL 0.704422
LYD 6.347216
MAD 10.756329
MDL 19.807079
MGA 5225.31607
MKD 61.612515
MMK 2445.475195
MNT 4130.063083
MOP 9.335036
MRU 46.419225
MUR 53.689904
MVR 17.938355
MWK 2022.815938
MXN 21.164687
MYR 4.787492
MZN 74.426542
NAD 19.739485
NGN 1688.68458
NIO 42.826206
NOK 11.767853
NPR 167.464295
NZD 2.015483
OMR 0.446978
PAB 1.164176
PEN 4.096293
PGK 4.876539
PHP 68.66747
PKR 326.50949
PLN 4.229804
PYG 8006.428369
QAR 4.240169
RON 5.092096
RSD 117.610988
RUB 88.93302
RWF 1689.755523
SAR 4.37074
SBD 9.584899
SCR 15.748939
SDG 700.4784
SEK 10.946786
SGD 1.508557
SHP 0.873711
SLE 27.603998
SLL 24419.93473
SOS 665.542019
SRD 44.985272
STD 24103.740676
STN 24.921274
SVC 10.184839
SYP 12877.828498
SZL 19.739476
THB 37.119932
TJS 10.680789
TMT 4.087555
TND 3.436865
TOP 2.803946
TRY 49.523506
TTD 7.89148
TWD 36.437508
TZS 2835.668687
UAH 48.86364
UGX 4118.162907
USD 1.164546
UYU 45.529689
UZS 13980.369136
VES 296.437311
VND 30697.419423
VUV 142.156196
WST 3.249257
XAF 655.661697
XAG 0.019993
XAU 0.000278
XCD 3.147243
XCG 2.098055
XDR 0.815205
XOF 655.061029
XPF 119.331742
YER 277.802752
ZAR 19.711451
ZMK 10482.311144
ZMW 26.913878
ZWL 374.983176
  • RBGPF

    0.0000

    78.35

    0%

  • BCC

    -1.2100

    73.05

    -1.66%

  • SCS

    -0.0900

    16.14

    -0.56%

  • CMSD

    -0.0700

    23.25

    -0.3%

  • VOD

    -0.1630

    12.47

    -1.31%

  • NGG

    -0.5000

    75.41

    -0.66%

  • RYCEF

    -0.0500

    14.62

    -0.34%

  • RELX

    -0.2200

    40.32

    -0.55%

  • BCE

    0.3300

    23.55

    +1.4%

  • JRI

    0.0400

    13.79

    +0.29%

  • RIO

    -0.6700

    73.06

    -0.92%

  • CMSC

    -0.0500

    23.43

    -0.21%

  • GSK

    -0.1600

    48.41

    -0.33%

  • BTI

    -1.0300

    57.01

    -1.81%

  • BP

    -1.4000

    35.83

    -3.91%

  • AZN

    0.1500

    90.18

    +0.17%

Growing trucker protest raises fears for Canada economy
Growing trucker protest raises fears for Canada economy

Growing trucker protest raises fears for Canada economy

The two-week-long Canadian truckers' protests against Covid rules threatens the country's economic recovery, ministers said Wednesday, with growing demonstrations blocking a vital trade link with the United States.

Text size:

More protesters have been joining the blockade of the Ambassador Bridge between Windsor and Detroit in solidarity with protests bringing the center of the capital Ottawa to a halt.

"We're all tired of this pandemic but these illegal blockades must stop," Industry Minister Francois-Philippe Champagne tweeted.

The suspension bridge, he noted, "is the most important land crossing in North America and is critical to our supply chains. 1000s of workers and businesses depend on it for their livelihoods."

More than 40,000 commuters, tourists and truck drivers carrying US$323 million worth of goods travel across the span each day.

Scores of Canadian and American chambers of commerce and industry associations demanded the bridge is cleared, saying "as our economies emerge from the impacts of the pandemic we cannot allow any group to undermine the cross-border trade."

Another key trade link between Coutts, Alberta and Sweet Grass, Montana has also been clogged by protesters for several days.

- 'Freedom Convoy' -

"This is a dramatic situation that is impacting the wellbeing of Canada's relationship with the United States and impacts immensely how business is able to conduct its operations," University of Ottawa professor Gilles LeVasseur told AFP.

He said that Ottawa and Washington must intervene.

"We're all tired, we're all frustrated" after two years of pandemic restrictions, Prime Minister Justin Trudeau told reporters in the capital, adding that Covid inoculations are "the way we're going to get to the other side."

More than 80 percent of Canadians have received two doses, while 50 percent of adults also got a booster.

The so-called "Freedom Convoy" began in January in western Canada -- launched in anger at requirements that truckers either be vaccinated, or test and isolate, when crossing the US-Canadian border.

Having snowballed into an occupation of the Canadian capital, the protest has sparked solidarity rallies across the nation and abroad.

Canadian Vehicle Manufacturers' Association president Brian Kingston warned that the Ambassador Bridge blockade was "threatening fragile supply chains already under pressure due to pandemic related shortages and backlogs."

Michelle Krebs, a senior analyst with Autotrader in Detroit, explained that North American assembly plants rely on timely parts deliveries across the suspension bridge.

The auto sector, she said, "is a significant portion of the economy and an important portion of consumer spending -- it's the second largest purchase people make -- and it's been hampered in the past year."

"We had felt we had hit the low point for inventories and production disruptions last October and we started seeing improvements, but this (protest) could be a setback if it lingers."

Canada's transport minister, Omar Alghabra, after hearing directly from automakers, warned Tuesday that the blockade could have "serious implications on our economy."

- Covid rules easing -

Several provinces this week announced a gradual lifting or loosening of Covid restrictions.

Saskatchewan went the furthest, saying it would end all checks on gatherings, as well as masking and vaccine requirements for indoor shopping and dining. Its premier, Scott Moe, said the benefits of Covid measures no longer outweighed the costs to society.

In the streets of Ottawa, hundreds of heavy trucks continued to block traffic and rev their engines, filling downtown with diesel fumes. A Canadian court on Monday ordered them to stop incessant honking that upset residents and made sleep difficult.

 

But, he added: "We have to see the same thing in other provinces now."

Politicians "are starting to realize that the Covid thing is wearing out," echoed fellow protester Mark Harrigan.

H.Nakamura--JT