BMO’s Vice Chair Kevin Lynch, who is also a Director of the Asia Pacific Foundation of Canada, recently co-chaired an event where Michael Bloomberg was honoured. Bloomberg spoke about the importance of trade and how Canada’s relationship with the U.S. will continue to thrive despite the present turbulence in the bilateral relationship. He also expressed optimism for the future of this historical alliance.
Canada’s relationship with the U.S. may seem rocky now, but one American CEO is confident the two countries can remain close friends for decades to come. Receiving the Asia Pacific Foundation of Canada’s John H. McArthur Distinguished Fellow award at the University of Toronto on January 16, former New York mayor and Bloomberg L.P. CEO Michael Bloomberg made it clear that U.S.-Canada relations are “larger than any one president, prime minister or trade dispute.” Bloomberg, lamented the fact that the countries’ relationship has hit a rough patch. But, with both nations still espousing democratic values, religious tolerance and compassion for others, their bond can’t be easily broken. Still, Bloomberg is concerned about America’s ongoing trade war with China, and the lack of cooperation between Canada and the U.S. on several big issues, such as climate change. “Our two countries are not working as closely together as they should be on some of the most important issues, such as creating a clean energy economy, confronting the Kremlin as it seeks to destabilize Western democracies and standing up to China when it refuses to open up its markets and abide by international treaties.”