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

EUR -
AED 4.196038
AFN 72.548266
ALL 93.983395
AMD 420.540936
ANG 2.045637
AOA 1048.866897
ARS 1669.851565
AUD 1.634419
AWG 2.056602
AZN 1.937156
BAM 1.951303
BBD 2.302094
BDT 140.416379
BGN 1.931927
BHD 0.430687
BIF 3410.531826
BMD 1.142557
BND 1.478193
BOB 7.897798
BRL 5.893083
BSD 1.142966
BTN 108.149745
BWP 15.512249
BYN 3.198029
BYR 22394.111824
BZD 2.298802
CAD 1.618202
CDF 2587.890714
CHF 0.924254
CLF 0.026315
CLP 1035.670747
CNY 7.740597
CNH 7.744546
COP 3936.165048
CRC 518.504991
CUC 1.142557
CUP 30.277753
CVE 110.685176
CZK 24.193414
DJF 203.055222
DKK 7.474488
DOP 66.610129
DZD 152.572485
EGP 56.826086
ERN 17.138351
ETB 184.276095
FJD 2.572241
FKP 0.863424
GBP 0.862613
GEL 3.027925
GGP 0.863424
GHS 12.830875
GIP 0.863424
GMD 83.406596
GNF 10028.78277
GTQ 8.715912
GYD 239.108921
HKD 8.957165
HNL 30.577527
HRK 7.533906
HTG 149.305892
HUF 352.232526
IDR 20500.89533
ILS 3.394936
IMP 0.863424
INR 108.201093
IQD 1497.349029
IRR 1571015.497997
ISK 144.00803
JEP 0.863424
JMD 180.603759
JOD 0.810112
JPY 184.584622
KES 147.86949
KGS 99.916444
KHR 4589.422662
KMF 490.726322
KPW 1028.301453
KRW 1759.417407
KWD 0.352661
KYD 0.952505
KZT 557.096049
LAK 25242.822342
LBP 102355.89823
LKR 382.189161
LRD 208.030548
LSL 18.780117
LTL 3.373673
LVL 0.691121
LYD 7.320609
MAD 10.655342
MDL 20.099676
MGA 4820.889196
MKD 61.629429
MMK 2399.275404
MNT 4089.475215
MOP 9.229529
MRU 45.702668
MUR 54.625306
MVR 17.66368
MWK 1983.478116
MXN 19.844495
MYR 4.7383
MZN 73.010218
NAD 18.780117
NGN 1561.486923
NIO 42.063056
NOK 11.086445
NPR 173.039193
NZD 2.002045
OMR 0.439314
PAB 1.142966
PEN 3.867586
PGK 5.092264
PHP 69.845651
PKR 317.897734
PLN 4.272876
PYG 6967.940842
QAR 4.166797
RON 5.237023
RSD 117.403487
RUB 84.835971
RWF 1674.041801
SAR 4.288919
SBD 9.210634
SCR 15.177226
SDG 686.108535
SEK 10.997611
SGD 1.478177
SHP 0.853034
SLE 28.278464
SLL 23958.847447
SOS 653.194569
SRD 42.766474
STD 23648.617409
STN 24.443664
SVC 10.000951
SYP 126.289192
SZL 18.775727
THB 37.670571
TJS 10.601367
TMT 3.998949
TND 3.379611
TOP 2.751003
TRY 53.095781
TTD 7.751136
TWD 36.221446
TZS 3002.904112
UAH 51.405724
UGX 4172.38382
USD 1.142557
UYU 45.704664
UZS 13698.428946
VES 693.112226
VND 30072.093021
VUV 135.22422
WST 3.144083
XAF 654.448679
XAG 0.01764
XAU 0.000273
XCD 3.087817
XCG 2.059952
XDR 0.813147
XOF 653.542317
XPF 119.331742
YER 272.615194
ZAR 18.751967
ZMK 10284.383366
ZMW 20.259308
ZWL 367.9028
  • RBGPF

    0.3600

    61.5

    +0.59%

  • CMSC

    -0.2100

    22.16

    -0.95%

  • NGG

    1.5300

    80.97

    +1.89%

  • BCE

    -0.6300

    22.65

    -2.78%

  • RELX

    -0.3500

    30.83

    -1.14%

  • RIO

    -0.7200

    99.36

    -0.72%

  • AZN

    1.5000

    176.43

    +0.85%

  • CMSD

    -0.2100

    22.08

    -0.95%

  • GSK

    0.0700

    50.74

    +0.14%

  • BCC

    -2.1200

    72.54

    -2.92%

  • BTI

    -0.0100

    58.9

    -0.02%

  • VOD

    -0.1800

    14.12

    -1.27%

  • RYCEF

    0.1900

    18.45

    +1.03%

  • JRI

    -0.0200

    12.65

    -0.16%

  • BP

    0.6800

    39.78

    +1.71%

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