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CN chief calls for common currency

MONTREAL, Que. -- With the Canadian and U.S. economies so reliant on each other, CN president and chief executive o...


MONTREAL, Que. — With the Canadian and U.S. economies so reliant on each other, CN president and chief executive officer Paul Tellier says the time has come to decide the future of the Loonie.

“The integration of the North American economy is taking place faster than any of us expected,” Tellier said at a meeting of the Canadian Railway Club. “My own view is that, eventually, Canada and its biggest trading partner will move to a common currency. But the broader point is that we must have a discussion on this now.”

The rail boss highlighted several points in his speech he says need to be examined by Canadians sooner rather than later:
— what Canadian policies and practices should be protected as distinct and part of the national fabric,
— which policies should be aligned with the U.S.,
— and, is the Canadian dollar helping or hurting Canadian sovereignty?


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