Wednesday, February 21, 2018

And The Liberal Vote Generation System is Going Strong - Another Broken Policy, This Time the Refugee Tribunal and Process

In Canada the following headlines are common "never enough skilled labour to choose from ", "the age demographic is not skewed enough to younger generations and is on average older than other first world nations " impacting pensions.

I wonder why....

The refugee Tribunal has thrown in the towel.
http://nationalpost.com/news/politics/over-burdened-refugee-tribunal-ditches-legislated-timelines-for-hearings

Tuesday, February 13, 2018

Pipelines: We Will See if Minister of Natural Resources Jim Carr's Bark is Worse Than Bite, or If The Liberals Just Stall Another Two Years Until The Next Election


Although the Liberals will try to appease both opposing political forces (both the same party in two neighbouring provinces but with differing views on one dividing topic) and voters in BC and Alberta, Canada's two western most provinces, eventually one province will win, and the Liberals will have lost the voters in the province that did not.  

There is a third option, Justin could change the word "pipeline" to "carrier of economic diversity and sustainable growth complete with tens of thousands of jobs".  

Carr maintains Canada has “all kinds of options” to exert its constitutional authority over interprovincial pipelines”.  He did not say “by when”. 

"Shannon Stubbs, federal Conservative natural resources critic, is not as convinced as Notley that Ottawa is doing everything it can to get the pipeline built. She introduced an opposition motion in the House of Commons on Monday calling on the federal government to make public no later than Feb. 15, its specific plan to get the pipeline built.”

We await the 15th of February...and also 50% off chocolate sales.  

http://business.financialpost.com/commodities/energy/canada-will-do-what-it-must-to-prevent-b-c-from-stopping-pipeline-says-carr

Monday, February 12, 2018

Veterans, Verdicts and Vocabulary - While Trudeau Continues Foot in Mouth Disease, We Have Yet to See Conclusion To Canada's Constrution Leader by a Chinese Firm

Aecon Group. Inc. has extended the timeline of its proposed takeover by a Chinese buyer, saying Prime Minister Justin Trudeau’s cabinet is reviewing the deal on national security grounds.  With so many topics (bait?) happening for the Canadian media to be distracted, the acquisition of Aecon by a Chinese company continues to be reviewed by the Liberal government with little attention - until today.  With Chinese governemental links with the parent company it is more than a curiosity that this has only escalated to this level now.  Regardless of any uncompleted trade deal the Liberals have tried with China. We are about to find out what the Investment Canada Act means to the Liberals.

And where are our fearless Minister of Finance Morneau and "what does a Minister of Innovation do anyway?" Navdeep Bains on this file? Invisible. Crickets.  

As per Bloomberg "CCCC International Holding Limited is the financing platform for overseas business of China Communications Construction Company Limited. It focuses on merger and acquisition, and restructuring and management of overseas assets; and investment, building, and operation of transportation infrastructure in overseas markets. The company was incorporated in 2012 and is based in Wan Chai, Hong Kong."

This review is not arbitrary and usually raised during most significant foreing takeovers of Canadian businesses.  The Investment Canada Act (ICA) provides: 
"the framework for conducting reviews of acquisitions of control of existing Canadian businesses, as well as reviews of the establishment of new Canadian businesses, by non-Canadians in Canada....Furthermore, for a foreign acquisition to be approved, significant benefit to Canada resulting from the transaction had to be demonstrated...
...The ICA narrowed both the range of foreign acquisitions that are reviewable and the scope of the “benefit to Canada” test to which these transactions must be submitted in order to receive approval from the federal government. The purpose of the ICA, as set out in section 2 of the Act, is:3
to provide for the review of significant investments in Canada by non-Canadians in a manner that encourages investment, economic growth and employment opportunities in Canada and to provide for the review of investments in Canada by non-Canadians that could be injurious to national security.
...Under the ICA, foreign investments are classified into two categories: investments that are subject to notification, and investments that are reviewable."

Sunday, February 11, 2018

Canada: The Christmas Economy...Now the Hangover Starts, Especially in Ontario

With interesting job numbers from December, that coincidentally aligned with the biggest shopping season of the year, for Christmas, in which The Justin bragged briefly about even while frittering around at Davos (when not scolding the world on gender rights, climate change, fair trade, human rights, etc), they have vanished much like Santa on Christmas eve. Maybe for another year (or in this case, maybe not for many years). 

Unlike the media who has covered such stories lately on a "guilty until proven innocent" basis, let's take a different approach - jobs data has deteriorated, Ontario lost most of those, Christmas is over and this province wakes up to higher minimum wage costs.  Discuss among yourselves....

https://www.bloomberg.com/news/articles/2018-02-09/blame-ontario-minimum-wage-hike-for-canada-job-plunge-or-not 


Hello Minimum Wage, You Mean Higher Costs to Employers Impact the Jobs Market? Hmmmm...

http://business.financialpost.com/news/economy/update-1-canada-sheds-88000-jobs-in-jan-biggest-decline-since-2009

Friday, February 9, 2018

"A Dumb Joke"? Well, At Least It Is Different Than An Apology

As Canadians and the world picked up on our Prime Minister's political correctness and language bending reference to "peoplekind", he eventually had to face this (I don't want to give him the international recognition that feeds his ego, but...) "viral" episode, and dismissing it as a "dumb joke".

If only his and fellow Liberal policies could be dismissed as such.  Including yesterday's new (in other words, "another") approval process along with a bash at Harper's "loss of trust" in the process.  Low, bewildering, nauseating and unnecessary comment Catherine McKenna.