US Trade War Drives Canada to Fast-Track Port Expansion
President Trump's trade war is accelerating plans to expand the biggest eastern container port—in Canada.
Prime Minister Mark Carney is fast-tracking the expansion at the Port of Montreal as Canada seeks to grow trade outside of the U.S. Port officials say the new container-handling terminal will cost about 1.6 billion Canadian dollars, the equivalent of $1.15 billion, and that it is crucial for strengthening Canada's overseas trade.
"Our economy in Canada was really built north-south," said Montreal Port Authority Chief Executive Julie Gascon. "But we are a maritime nation. So reconnecting with our roots as a maritime nation and improving our trade balance with other nations with whom we have trade agreements is part of the strategy...
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