'The economic and geopolitical threats that our country is facing are very serious. And blind opposition to nation-building, reindustrialization and defence spending will put our country in a precarious state'

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The energy pact between Alberta and the federal government is a positive first step — and becoming an energy superpower is “a necessary condition” to protect the country’s economic sovereignty, says the head of the National Bank of Canada.

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Amid trade tensions with the United States, excessive regulatory burdens and geopolitical uncertainty are key issues facing the country’s economy today, National Bank CEO Laurent Ferreira said Wednesday in Calgary.

“We are in an era of peak geo-economic conflicts. And Canada is in the thick of it, with growing geopolitical threats at our doorstep,” Ferreira told about 600 people at a Calgary Chamber of Commerce luncheon.

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“The economic and........

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