Dubai Telegraph - Growing trucker protest raises fears for Canada economy

EUR -
AED 4.224876
AFN 72.462986
ALL 96.160604
AMD 434.099231
ANG 2.058963
AOA 1054.738043
ARS 1606.038123
AUD 1.628909
AWG 2.073245
AZN 1.957787
BAM 1.959215
BBD 2.316138
BDT 141.107219
BGN 1.966056
BHD 0.434221
BIF 3416.109293
BMD 1.150205
BND 1.471035
BOB 7.974972
BRL 6.040894
BSD 1.150005
BTN 106.071837
BWP 15.680472
BYN 3.425836
BYR 22544.020924
BZD 2.312943
CAD 1.573084
CDF 2605.214492
CHF 0.906057
CLF 0.026511
CLP 1046.813004
CNY 8.001115
CNH 7.92826
COP 4260.842959
CRC 540.146332
CUC 1.150205
CUP 30.480436
CVE 111.13859
CZK 24.454509
DJF 204.414853
DKK 7.471767
DOP 70.564391
DZD 152.131445
EGP 60.230841
ERN 17.253077
ETB 181.013531
FJD 2.547595
FKP 0.868334
GBP 0.863925
GEL 3.128823
GGP 0.868334
GHS 12.519984
GIP 0.868334
GMD 84.515954
GNF 10093.05076
GTQ 8.814443
GYD 240.721742
HKD 9.006578
HNL 30.561304
HRK 7.539937
HTG 150.724067
HUF 391.404502
IDR 19517.831177
ILS 3.591441
IMP 0.868334
INR 106.132132
IQD 1506.768745
IRR 1519478.512409
ISK 143.211796
JEP 0.868334
JMD 180.895354
JOD 0.815474
JPY 183.113233
KES 148.840282
KGS 100.58578
KHR 4622.10278
KMF 493.437605
KPW 1035.184626
KRW 1714.570528
KWD 0.353216
KYD 0.958279
KZT 555.322921
LAK 24700.655091
LBP 103000.87101
LKR 358.097383
LRD 210.775166
LSL 19.277199
LTL 3.396257
LVL 0.695748
LYD 7.3728
MAD 10.806191
MDL 20.009056
MGA 4779.102216
MKD 61.709926
MMK 2415.019418
MNT 4107.710362
MOP 9.274449
MRU 46.140499
MUR 53.806333
MVR 17.782217
MWK 1997.906655
MXN 20.371795
MYR 4.520887
MZN 73.509782
NAD 19.277204
NGN 1571.67499
NIO 42.235365
NOK 11.132226
NPR 169.721992
NZD 1.964872
OMR 0.442264
PAB 1.150015
PEN 3.943482
PGK 4.948754
PHP 68.636185
PKR 321.223553
PLN 4.272265
PYG 7464.01199
QAR 4.190485
RON 5.09484
RSD 117.426723
RUB 93.449256
RWF 1678.149313
SAR 4.316316
SBD 9.261061
SCR 16.378688
SDG 691.272965
SEK 10.749024
SGD 1.470163
SHP 0.862952
SLE 28.293004
SLL 24119.239327
SOS 657.347107
SRD 43.214935
STD 23806.924333
STN 24.844431
SVC 10.06263
SYP 127.126407
SZL 19.277227
THB 37.243559
TJS 11.039641
TMT 4.031469
TND 3.35973
TOP 2.769417
TRY 50.804333
TTD 7.798663
TWD 36.812088
TZS 2996.284814
UAH 50.697321
UGX 4341.606456
USD 1.150205
UYU 46.751909
UZS 13923.233407
VES 513.274734
VND 30238.893372
VUV 137.524572
WST 3.146058
XAF 657.108248
XAG 0.014306
XAU 0.00023
XCD 3.108487
XCG 2.072531
XDR 0.819555
XOF 661.945035
XPF 119.331742
YER 274.323586
ZAR 19.240229
ZMK 10353.228016
ZMW 22.395236
ZWL 370.365589
  • RBGPF

    0.1000

    82.5

    +0.12%

  • RYCEF

    -0.1500

    16.4

    -0.91%

  • CMSC

    0.0000

    22.99

    0%

  • BTI

    1.0100

    60.94

    +1.66%

  • NGG

    -0.0100

    90.89

    -0.01%

  • GSK

    0.3800

    53.77

    +0.71%

  • CMSD

    -0.0400

    22.95

    -0.17%

  • BCE

    0.6521

    25.9

    +2.52%

  • RELX

    0.3300

    34.47

    +0.96%

  • BCC

    1.7200

    71.72

    +2.4%

  • VOD

    0.1900

    14.6

    +1.3%

  • RIO

    2.0300

    89.86

    +2.26%

  • JRI

    -0.0500

    12.54

    -0.4%

  • BP

    0.2300

    42.9

    +0.54%

  • AZN

    2.1100

    192.01

    +1.1%

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.

K.Al-Zaabi--DT