Canadian officials closely watching Brexit vote outcome, Morneau says
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Digital Subscription
One year of digital access for only $205*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 23/06/2016 (3706 days ago), so information in it may no longer be current.
TORONTO – Finance Minister Bill Morneau says Canadian officials are closely watching the outcome of Britain’s vote on remaining part of the European Union.
Speaking in Toronto today, he says a strong United Kingdom and a strong European Union are best for Canada, and he hopes the so-called Brexit vote will see Britain remain in the EU.
Currency traders have predicted a plunging pound in the event of a British exit, but Morneau says Canada has a “long-term perspective” on the reserves the country holds and he doesn’t believe the volatility is a concern over the long term.
Morneau says Canada’s Comprehensive Economic and Trade Agreement with the EU would be “lessened” if voters in the U.K. decide to leave.
Prime Minister Justin Trudeau has publicly suggested it would be difficult for Britain to replicate its own version of the Canada-EU free trade deal.
Morneau has said Ottawa estimates it will create about a 20 per cent increase in trade and will deliver a 0.77 per cent annual boost to Canada’s gross domestic product.
