Federal government should sell EDC before risks get too high

The Crown lender plays in an international vipers’ nest, so controversy and risk may be inevitable

Federal government should sell EDC before risks get too highExport Development Canada (EDC), a Crown lending corporation, faces controversy for funding Turquoise Hill Resources. The mining firm allegedly used offshore entities to minimize the taxes it pays, including to Canada. EDC’s $1-billion-plus loan to Turquoise Hill represents nearly 1.5 per cent of the lender’s assets. EDC is also trying to repossess a Bombardier executive…

China may balk at Taiwan entry into resurrected TPP

From Canada’s viewpoint, considerations like global security, freedom, human rights and democracy support Taiwan’s case

China may balk at Taiwan entry into resurrected TPPThe next big trade hullabaloo in the topsy-turvy world of international trade is fermenting: which countries will be invited to join the second membership round of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Taiwan’s application is a potential flashpoint. The clumsily-named CPTPP rose from the ashes of the Trans-Pacific Partnership after the United States…

Shove EDC off taxpayers’ shoulders and into the private sector

Canada's export credit agency is good at what it does. But part of that is taking risks with taxpayers’ money. It's time for that to end

Shove EDC off taxpayers’ shoulders and into the private sectorExport Development Canada (EDC) has a big problem – the kind of problem Crown corporations have no business courting. Canada’s export credit agency, EDC loaned Turquoise Hill Resources, a mining company, $1 billion. Unfortunately, Turquoise Hill allegedly transferred a considerable amount of money offshore to minimize the taxes it pays in Canada. EDC’s mission is…

The dangerous rebirth of mercantilism

Donald Trump wants to make American great again. But his trade protectionism will hurt Americans and trade partners alike

The dangerous rebirth of mercantilismHow do you make a country great? We in the enlightened West generally agree that a liberal democracy with free markets works best. Look at the United States in the 20th century – the richest and most powerful country. Its political power and military might were eclipsed only by the high and rising standard of…

Carbon tax particularly dangerous to New Brunswick

The tax will slow the already-faltering New Brunswick economy and create a competitive disadvantage with U.S. businesses

Carbon tax particularly dangerous to New BrunswickWhile good intentions matter a great deal, results matter most. The federal government’s decision to impose a national carbon tax may be well-intentioned, but its effects may be detrimental to our economy. We’ll likely see its worst effects on New Brunswick. The idea is to give carbon a price. While there are a few ways…

Casting about for new Canadian trade partners

The CANZUK proposal wouldn't replace the United States as the key player in our economy, but at least it would give us more options

Casting about for new Canadian trade partnersCANZUK International was formed to promote a European Union-like agreement for the free movement of citizens, free trade and foreign policy co-ordination between Canada, Australia, New Zealand and United Kingdom. The organization was created in November 2014, first as The Commonwealth Freedom of Movement Organization, by James Skinner, its executive director. According to Skinner: “The…

“Progressive” trade agenda leads to regressive results

Canada wants to include social and environmental standards in trade deals. Countries like China aren't interested in anything but economic advancement

“Progressive” trade agenda leads to regressive resultsIf Brett Wilson were still taking business pitches on Dragons’ Den, he would never partner with Canada’s trade negotiators. During a recent television interview, he openly wondered whether the negotiators were “delusional, naïve or stupid.” It seems he settled on stupid, saying: “Right now, we’re trying to build on this social agenda of respect and…

Are we really jeopardizing NAFTA over a regressive farm policy?

The federal government should deregulate supply-managed commodities, and tariffs should be abolished on imports of dairy and poultry products

Are we really jeopardizing NAFTA over a regressive farm policy?By Danny LeRoy and Jason Clemens The Fraser Institute Why are broad trade agreements that benefit almost all Canadians being jeopardized to protect a small subset of farmers, estimated at 13,500 across Canada? The United States has repeatedly indicated that a key tension in North American Free Trade (NAFTA) renegotiations is Canada’s protection of dairy,…

TPP2 death knell for supply management, and that’s a good thing

The new Trans-Pacific deal will boost agri-food industries. But it’s a nail in the coffin for Canada's protectionist supply-management sectors

TPP2 death knell for supply management, and that’s a good thingCanada is making its trade intentions crystal clear and that's good news for most agri-food industries, although our supply-management sectors face big challenges. Even as the North American Free Trade Agreement talks continue, we've learned that the Trans-Pacific Partnership isn’t dead after all, although the trade deal among Pacific Rim countries has a new name:…

Why won’t Canadians invest in our future prosperity?

Trillions of dollars in Canadian-controlled funds should be driving our economy. Yet our prime minister is forced to look for foreign investment help

Why won’t Canadians invest in our future prosperity?Prime Minister Justin Trudeau travelled to Davos, Switzerland, this week to spark interest in trade and investment in Canada. This kind of rhetoric usually gets a bit of press but is largely ignored by the general public. Should the average person be interested? In order for our society to operate effectively, every citizen is expected…
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