National Bank welcomes the signing of the U.S.-Mexico-Canada
Agreement, which will play a key role in maintaining a strong Canadian
economy in the medium and long term. However, in the coming years,
Canadian agribusinesses operating under supply management will have to
adapt to new provisions affecting their sector. National Bank will
once again be there to support the sector through these
“Earlier this year, National Bank acquired an agricultural loan portfolio of nearly $400M CAD. Our commitment to the agricultural sector is clear, as is our vision that it will grow in the coming years. The changes that are planned under the Agreement regarding supply-managed production are significant, but the Bank will be there to support its clients through the transition,” said Stéphane Achard, Executive Vice-President – Commercial Banking and Insurance.