|By PR Newswire||
|February 12, 2014 01:00 PM EST||
Hon. Jim Prentice, Vice Chairman of CIBC, says we need to get our house in order now to be ready to advance a continental agenda that both nations could support
OTTAWA, Feb. 12, 2014 /CNW/ - CIBC (TSX: CM) (NYSE: CM) - Canada needs to put itself in a position of strength if we are to improve and advance our energy relationship with the United States, says the Honorable Jim Prentice, Senior Executive Vice-President and Vice Chairman of CIBC.
Speaking to the Economic Club of Canada in Ottawa, Mr. Prentice told his audience that Canada needs to get its house in order on a number of fronts if we want our largest trading partner to take our interests seriously.
"We need to respond to the fact that we are a country reliant on trade - but have become too dependent on a single market. Attention must now be turned across the Pacific and over the next few years to put the goal of negotiating accords with some of the leading nations of Asia, including Korea, Japan and China."
He noted that the nature of U.S. politics means that over the next two years in the lead up to the next Presidential election, the focus of American politicians will be increasingly inward. Mr. Prentice noted Canada has a narrow window of opportunity to deliver a meaningful continental agenda and laid out four key objectives achievements Canada needs to deliver on between now and 2017. He said the country must:
- Move forward - with pace and with purpose - to build the Energy East and Northern Gateway pipelines, among others to give us the ability to export to the emerging markets of Asia and elsewhere;
- Move forward - again, with pace and with purpose - to build facilities along the B.C. coast to facilitate the export of liquefied natural gas;
- Initiate and pursue genuine engagement with our native peoples. West coast access for both oil and gas requires the active participation and involvement of First Nations' communities and leaders; and
- Continue to improve our own environmental performance - developing the world's cleanest electricity system and further reducing the impact of oil and gas production.
"The four imperatives should be pursued in concert - by which I mean: greater output from the oil sands, produced with reduced environmental impact, and delivered across Canada, into the United States and across the ocean to Asia," said Mr. Prentice. "Along with greater natural gas production, shipped to modern facilities along the B.C. coast, and onward to emerging markets. And all this achieved with the active participation of Canada's Aboriginal people.
"As Canadians, we have the resources and the ingenuity required to take the lead in these areas. We have the opportunity to put ourselves in a position of strength from which to engage the Americans on improving and advancing our continental energy relationship."
Mr. Prentice stated that failing to deliver on these imperatives means that when Canada sits down with the new American administration in 2017, it will do so without any leverage. If the U.S. continues to be our only export market for oil, we will be talking to an administration that won't feel compelled or motivated to hear us out on the benefits of further economic and energy integration, he said.
"The key to transforming a relationship is declaring what you want, developing a specific plan to achieve it and demonstrating to your partner that you have the wherewithal to help get it done," he added. "When it comes to energy, these next few years are a Canadian opportunity. What we make of them will help to define the success of our industry - and indeed our economy as a whole - for decades to come.
"As we look to the future, let us be guided by what we've learned from the past - that our relationship with the Americans is crucial to our own economic prosperity, and that opportunities to advance and improve that relationship come along infrequently, and for only brief periods.
"The next window with the U.S. may not open until 2017. When it does, we need to be focused, and confident, and strong. We need to be ready. We cannot afford to waste a moment in preparing."
A copy of Mr. Prentice's speech is available at: http://files.newswire.ca/256/ottawaen.pdf.
CIBC is a leading North American financial institution with more than 11 million personal banking and business clients. CIBC offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, and has offices in the United States and around the world. You can find other news releases and information about CIBC in our Media Centre on our corporate website at www.cibc.com.
SOURCE Canadian Imperial Bank of Commerce
SYS-CON Events announced today that AppNeta, the leader in performance insight for business-critical web applications, will exhibit and present at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. AppNeta is the only application performance monitoring (APM) company to provide solutions for all applications – applications you develop internally, business-critical SaaS applications you use and the networks that deli...
Feb. 6, 2016 09:45 AM EST Reads: 313
Fortunately, meaningful and tangible business cases for IoT are plentiful in a broad array of industries and vertical markets. These range from simple warranty cost reduction for capital intensive assets, to minimizing downtime for vital business tools, to creating feedback loops improving product design, to improving and enhancing enterprise customer experiences. All of these business cases, which will be briefly explored in this session, hinge on cost effectively extracting relevant data from ...
Feb. 6, 2016 09:00 AM EST
Advances in technology and ubiquitous connectivity have made the utilization of a dispersed workforce more common. Whether that remote team is located across the street or country, management styles/ approaches will have to be adjusted to accommodate this new dynamic. In his session at 17th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., focused on the challenges of managing remote teams, providing real-world examples that demonstrate what works and what do...
Feb. 6, 2016 08:00 AM EST Reads: 158
It's easy to assume that your app will run on a fast and reliable network. The reality for your app's users, though, is often a slow, unreliable network with spotty coverage. What happens when the network doesn't work, or when the device is in airplane mode? You get unhappy, frustrated users. An offline-first app is an app that works, without error, when there is no network connection.
Feb. 6, 2016 07:45 AM EST Reads: 117
Father business cycles and digital consumers are forcing enterprises to respond faster to customer needs and competitive demands. Successful integration of DevOps and Agile development will be key for business success in today’s digital economy. In his session at DevOps Summit, Pradeep Prabhu, Co-Founder & CEO of Cloudmunch, covered the critical practices that enterprises should consider to seamlessly integrate Agile and DevOps processes, barriers to implementing this in the enterprise, and pr...
Feb. 6, 2016 07:30 AM EST Reads: 268
In most cases, it is convenient to have some human interaction with a web (micro-)service, no matter how small it is. A traditional approach would be to create an HTTP interface, where user requests will be dispatched and HTML/CSS pages must be served. This approach is indeed very traditional for a web site, but not really convenient for a web service, which is not intended to be good looking, 24x7 up and running and UX-optimized. Instead, talking to a web service in a chat-bot mode would be muc...
Feb. 6, 2016 07:30 AM EST Reads: 148
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
Feb. 6, 2016 07:15 AM EST Reads: 119
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 ad...
Feb. 6, 2016 05:00 AM EST Reads: 313
Most people haven’t heard the word, “gamification,” even though they probably, and perhaps unwittingly, participate in it every day. Gamification is “the process of adding games or game-like elements to something (as a task) so as to encourage participation.” Further, gamification is about bringing game mechanics – rules, constructs, processes, and methods – into the real world in an effort to engage people. In his session at @ThingsExpo, Robert Endo, owner and engagement manager of Intrepid D...
Feb. 5, 2016 09:00 PM EST Reads: 756
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies adopt disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevO...
Feb. 5, 2016 04:00 PM EST Reads: 116
One of the bewildering things about DevOps is integrating the massive toolchain including the dozens of new tools that seem to crop up every year. Part of DevOps is Continuous Delivery and having a complex toolchain can add additional integration and setup to your developer environment. In his session at @DevOpsSummit at 18th Cloud Expo, Miko Matsumura, Chief Marketing Officer of Gradle Inc., will discuss which tools to use in a developer stack, how to provision the toolchain to minimize onboa...
Feb. 5, 2016 04:00 PM EST
With microservices, SOA and distributed architectures becoming more popular, it is becoming increasingly harder to keep track of where time is spent in a distributed application when trying to diagnose performance problems. Distributed tracing systems attempt to address this problem by following application requests across service boundaries, persisting metadata along the way that provide context for fine-grained performance monitoring.
Feb. 5, 2016 03:45 PM EST Reads: 772
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, will discuss the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filte...
Feb. 5, 2016 03:00 PM EST
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
Feb. 5, 2016 02:45 PM EST Reads: 105
SYS-CON Events announced today that Fusion, a leading provider of cloud services, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Fusion, a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry's single source for the cloud. Fusion's advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including clou...
Feb. 5, 2016 02:30 PM EST Reads: 695