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Former Central Bank Governor of Canada criticizes infrastructure pain points: We have earned a reputation for "achieving nothing".
Jin10 data September 27 news, former Canadian Central Bank Governor Stephen Poloz stated that the country's reputation for being unable to complete major construction projects is regrettable but not unfounded. Current Prime Minister Mark Carney (who also served as the Governor of the Bank of Canada) is trying to reverse this image by simplifying regulatory processes to promote the establishment of new trade corridors. Poloz reflected on his experience serving at the Export Development Canada (EDC) in the late 2000s. He mentioned that in 2008, the company received a financing request aimed at constructing roads and infrastructure leading to a large critical mineral resource area in Ontario. However, the debate over whether to build roads to the mineral-rich “Ring of Fire” region has yet to subside. “It is this kind of thing that has cemented our reputation for 'doing nothing',” Poloz said.