Ottawa plans to spend more than a half-billion dollars to fix supply chain issues, but experts say it falls far short of the kind of comprehensive strategy needed to address long-standing problems.
Last week’s federal budget commits $603 million over five years to support transportation network upgrades such as port or rail expansions on top of the $4.2 billion allocated to the National Trade Corridors Fund since 2017.
The extra money laid out in the budget is sure to help. But on top of more cash, what’s needed most is a cohesive approach to the overall flow of goods into and out of the country, says Carlo Dade, director of the Canada West Foundation’s trade and investment centre.
“Yes, we need more money,” he said. “But God help us, we have to be able to spend that money intelligently.”
Read more in an article from BNN Bloomberg.