Canada needs a strong economy to help it address significant post-COVID challenges, says the outgoing CEO of National Bank of Canada, Louis Vachon.
In a conversation with Goldy Hyder in the Speaking of Business podcast, Vachon says Canada is facing four areas of transformation: technology, demographics, geopolitics and climate change.
Connecting them all, he says, is “clearly the economy … you need to get it absolutely right, and fast.”
Vachon retired from National Bank of Canada on October 31, following almost 15 years at the helm.
After navigating many challenges, including the 2008 financial crisis, he says he hopes he leaves behind an employee culture that is able to adapt to change. “I kept saying to my employees ‘as a CEO, the only thing I can promise you is more change.’”
Listen to Louis Vachon’s full conversation with Goldy Hyder.
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