Economic policies analysis - liberal party of canada, ndp and cpc - election 2015
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Analysis of economic policies for NDP, LPC and CPC for the 2015 election *** Analysis of key sectors including statements from parties as well as the private sectors *** Analysis looks at impact including policies on revenues for the government
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Economic policies analysis - liberal party of canada, ndp and cpc - election 2015
- 1. Economic Policy Analysis for Canada â 2015 Election by: Paul Young, CPA, CGA
- 3. GDP â May 2015 / Canada
- 4. Liberal Party Economic Policies ⢠Canada has vibrant green energy sector ⢠There are over 700 green Energy Companies ⢠SDTC (LPC) continues to support innovation ⢠Canada is consistently ranked in the top 20 for green investment
- 5. Liberal Party Green Technology ⢠Canada is ranked #6 in renewable energy based on UN ranking ⢠Provinces like NB, NS and others are not working to leverage green projects
- 6. Liberal Party ⢠Key areas missing from LPC statements ⢠Exports ⢠Manufacturing ⢠Resources development
- 7. NDP / Economic Policies
- 8. NDP/Manufacturing ⢠http://www.ndp.ca/news/mulcair-champions-manufacturing-cambridge ⢠⢠Key Quotes: ⢠After ten years, Stephen Harperâs plan is not working. He has failed to make the necessary investments that drive Ontarioâs economy and local businesses and its middle-class families who are paying the price,â said Mulcair. âIn the last six months alone, 18,200 people have lost their jobs in this region. Ontario needs a champion for manufacturing. I will be that champion.â ⢠⢠⢠Mulcair claims Harperâ plan has failed the people of Ontario! Yet, Jayson Myers who is over CME has different point of view of the Conservative Party - http://mb.cme-mec.ca/?action=show&lid=XE8MT-GCZX2-KAD9G&comaction=show&cid=3CWP8-FKASM-JYNFE. Jayson Myers also supported the 2016 Federal Budget which the NDP voted against as part of the budget process. http://www.cbc.ca/news/politics/tom-mulcair-says-2015-federal-budget-helps-wealthy-few-1.3043636. ⢠⢠Here is what Jayson Myer said on the budget â ⢠Canadaâs manufacturing sector is the cornerstone of the Canadian economy, according to the federal governmentâs Economic Action Plan 2015 â and this yearâs budget backs up the importance of both manufacturing and exporting with a number of important tax and investment measures that will have a very positive impact for CME members.
- 9. NDP/Manufacturing ⢠http://www.cme-mec.ca/?lid=JCKNC-E742G-1W6JA&comaction=show&cid=3KPTP-F53VQ-633PV ⢠⢠So, IS Jayson Myers a liar? ⢠⢠Key Quotes: ⢠Tom Mulcairâs plan would support growth and boost research and development in manufacturing by creating an innovation tax credit to encourage investment in machinery and equipment. For small businesses, which create over 80 percent of all new jobs in Canada, Mulcair would cut their tax rate from 11 to 9 percent. ⢠⢠Facts: ⢠Mulcair then tells he supports manufacturing, right? http://www.ndp.ca/news/mulcair-champions-manufacturing-cambridge. Mulcair claims small business create the manufacturing jobs, right? Yet the facts show only about 1/3 of manufacturers are small business, right? NDP approach is too narrow as they support hiking corporate tax up to 22% for medium to large corporation and reducing small business tax by 2% over two years. Where is NDP analysis to support this will help small business - https://www.ic.gc.ca/eic/site/061.nsf/vwapj/KSBS-PSRPE_July-Juillet2012_eng.pdf/$FILE/KSBS-PSRPE_July-Juillet2012_eng.pdf? ⢠Harper already has programs that support aerospace, forestry, automotive, etc. So, how is Mulcairâs program any different from existing programs? http://www.slideshare.net/paulyoungcga/canadian-manufacturing-analysis-including-trends-and-assessment-of-government-policies or http://www.slideshare.net/paulyoungcga/federal-government-programs-canada ⢠⢠Mulcair is great on emotion, but little on facts. People need to read comments made by business and not take Mulcairâ statement at face value. ⢠⢠Harper has been applauded for his work as he and his team have been helping manufacturing across Canada ⢠http://www.cbc.ca/news/canada/kitchener-waterloo/guelph-s-linamar-plant-gets-funding-to-help-create-1-200-jobs-1.2897588 ⢠http://business.financialpost.com/news/transportation/ottawa-to-invest-300-million-into-pratt-whitney-jet-engine-research ⢠http://www.cbc.ca/news/canada/kitchener-waterloo/waterloo-company-gets-713k-for-veggie-chip-production-1.2823388
- 10. Trade/Exports ⢠http://www.ndp.ca/news/trade-deficit-grows-conservative-economic-plan-continues-to-unravel ⢠⢠Key Quotes â ⢠Our economy relies on international trade but, after a decade in power, the Conservatives keep posting record trade deficits,â said NDP Trade Critic Don Davies (Vancouver-Kingsway). âWhile the Conservatives posture and boast about signing even the tiniest trade deal, exports are actually falling and Canadian companies are suffering for it.â ⢠⢠Industry comments ⢠http://mb.cme-mec.ca/?action=show&lid=XE8MT-GCZX2-KAD9G&comaction=show&cid=BB84I-8J2NK-TQJCN â key quotes âCompanies must be prepared to take advantage of this opportunity,â said Jayson Myers, president and CEO of Canadian Manufacturers and Exporters (CME).â ⢠http://www.chamber.ca/media/news-releases/140512-canadian-businesses-need-more-than-trade-agreements-to-succeed-internationally-release/ - Key quotes âRecent efforts to improve domestic competitiveness and sign new free trade agreements are helping. But these alone cannot address all the barriers companies face when entering a new business environment, or substitute for the need to build government-to-government relationships that open new opportunities. ⢠⢠Exports Policies ⢠EDC - http://www.edc.ca/EN/About-Us/News-Room/News-Releases/Pages/CME-EDC-Partnership.aspx - Key Quotes âThe global economy has changed, and Canadian manufacturers must actively explore new markets to compete and grow,â explains CME President & CEO, Jayson Myers. âBut that reality comes with an element of risk, and securing the right type of insurance can be the difference between expanding your business and going out of business.â ⢠EDC/CFIB - Small businesses are small in name only," commented Aron Gampel, Deputy Chief Economist, and Scotiabank. "Small businesses are the backbone of the Canadian economy, providing big support to the nation's G7-leading performance. Small businesses are not only big generators of jobs in goods and services throughout the country, but they are also big contributors to the investments and exports that are important drivers of growth." (Source - http://www.cfib-fcei.ca/english/article/2586-small-business-big-impact-scotiabank-and-cfib-launch-challenge-to-recognize-impact-of-small-business.html) ⢠Chamber of Commerce/Canada â Source - http://www.chamber.ca/media/blog/150421-budget-brings-canada-to-crossroads-/2015_Budget_Analysis.pdf - Key Quotes âThere was an impressive list of commitments to expand trade, with a number of big wins for business and for the Canadian Chamberâs report that recommended expanded trade promotion. In fact, the government promised $50 million over five years for the Export Market Development Program to help SMEs explore export opportunities - market research, attending trade shows, pilot projects for between 500 to 1,000 exporters per year. There was also $42 million over five years to expand the Trade Commissioner Serviceâ â˘
- 11. Trade/Exports  â˘Trade Stats â˘Yearly Stats - http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/gblec02a-eng.htm ⢠Canada had $568M surplus in 2011 ⢠Canadaâs export to China went from $11B in 2009 to close to $21B in 2014 ⢠Canadaâs import from Saudi Arab went from $1.7B in 2009 to close 2.1B in 2014. Bulk of imports from Saudi Arabia is oil. NDP never mention that stats in their trends, why? ⢠Canada had close to $5B surplus in 2014, but no comment from the NDP, why â˘2015 â Trade - http://www.slideshare.net/paulyoungcga/key-industry-and-market-indicators-for-july-2015-canada-and-north-america-51666561. (Referred to slides 11 to 24). Canada exports for 2015 could be $530B. â˘Â â˘NDP Comments â˘NDP constantly calls out Harper on trade, but never says anything on their policies. http://blogs.windsorstar.com/business/unifor-ndp-at-odds-over-nafta. It seems the NDP is at odds with Mulcair over NAFTA. FYI â Harper has supported the automotive industry via his funds - http://www.slideshare.net/paulyoungcga/federal-government-programs-canada. ⢠Harper and Ford - http://www.marketwired.com/press-release/harper-government-celebrates-completion-ford-oakville-assembly-plant-transformation-1995483.htm ⢠Harper and Toyota - http://www.cbc.ca/news/politics/toyota-gets-government-funding-to-build-hybrid-car-in-canada-1.1390325 ⢠Harper is not responsible for Wynne and McGuintyâs bad policies - http://news.nationalpost.com/news/824051. Harper can only do so much when it comes to policies. â˘Jack Layton demanded the automotive bailout - http://www.wheels.ca/news/ottawa-ontario-share-auto-bailout-concerns/ â˘http://news.nationalpost.com/full-comment/john-ivison-with-asian-trade-a-looming-election-issue-ndp-still-preoccupied-with-protectionism. Harper has been clear on trade - http://www.cme-mec.ca/?lid=JCKNC-E742G-1W6JA&comaction=show&cid=YC61S-DLGDW-GY1GA. Yet, NDP is against TPP - http://www.theglobeandmail.com/try-it-now/?articleId=25152063 â˘Â â˘I am all for a good debate, but the NDP is not when it comes to policies. Mulcair talks out of the corner of his mouth on policies.Â
- 12. NDP/Energy ⢠NDP and their supporters complain about Harper all the time. The problem is the NDP never discusses the details of their plan including the impact on taxes and/or costs to the average person. If the NDP wants to be next government then should they not discussed the details, especially since Mcleans called out their 7 point plan for energy - http://www.macleans.ca/economy/economicanalysis/seven-ways-ndp-leader-thomas-mu  ⢠ ⢠The other issues with the NDP is they call out Harper for making a deal with Saudi Arabia for Military Equipment - http://www.cbc.ca/news/politics/general-dynamics-canada-wins-10b-deal-with-saudi-ara . This deal would provide steady work for the London plant. So, why does the NDP supporters not want to see steady work for the private sector? I thought that Mulcair cared about the manufacturing, right? http://www.ndp.ca/news/mulcair-champions-manufacturing-cambridge. ⢠Â
- 14. Harper/CPC ⢠Low tax (Corporate taxation) ⢠Trade/Investment Deals ⢠Innovation Funds ⢠Small Loans/Grants
- 16. Analysis â ⢠Key Policies areas ⢠Gas Pipelines â East/West or BC Pipelines ⢠Oil Sands ⢠Manufacturing ⢠Green Technology ⢠Natural Resources (ex oil)
- 17. GDP/Analysis
- 18. Manufacturing / analysis⢠CIBC Link - http://research.cibcwm.com/economic_public/download/if_currency_jul15.pd ⢠US MFG "More broadly, our ability to be good neighbors to US plants, operating as next-door, just-in-time suppliers, has been significantly dented by a change in the locus of American manufacturing. Since 2002, the gravitational center of US manufacturing has shifted to the less unionized, lower-wage south, or states in the southcentral or south-west that can be more readily supplied from Mexico. Thatâs come at the expense of the northeast, mid-west, and western states bordering on Canada " ⢠Canada MFG "While a loss of market share to a developing Mexican manufacturing hub might have been inevitable, the US itself was picking up plants at the expense of Canada since 2010. Clearly, years of an overvalued exchange rate have left lasting damage in terms of our ability to reverse course as quickly as in some past downturns, where the plants were still standing. In terms of replacing the lost capacity, thus far, trends in non-energy capital spending remain very lackluster (Chart 4)." ⢠There is a problem with this statement as input costs have increased faster that the impact of currency rates. CIBC has ignored areas like hydro rates, taxation, infrastructure, capital investment, etc. in their analysis: ⢠1. Hydro Rates - http://www.northernlife.ca/news/localNews/2015/07/09-hydro-rates-chamber-report-sudbury.aspx. ⢠2. Automation / Canada â Canada manufacturers are slowly moving to automation via laser welding and robotics - http://kitchener.ctvnews.ca/robot-labour-could- cut-costs-at-canadian-factories-by-24-study-1.2229890 ⢠3. Taxation â New proposals like ORPP, Carbon Pricing, etc will not help keep costs down for business - http://www.2020magazine.ca/_uploads/media/51rg0ppj6.pdf ⢠Yet, Mulcairâs makes comments that he is savior for Manufacturing, howâ. It cannot be the following quotes: ⢠Corporate Welfare http://www.cbc.ca/news/politics/tom-mulcair-targets-freeloader-corporations-in-speech-to-teamsters-1.2774959. ⢠ Small mfg - ? http://www.ndp.ca/news/mulcair-champions-manufacturing-cambridge. Mulcair claims small business create the manufacturing jobs, right? Yet the facts show only about 1/3 of manufacturers are small business, right?  NDP approach is too narrow as you support hiking corporate tax up to 22% for medium to large corporation and reducing small business tax by 2% over two years. Where is your analysis to support this will help small business - https://www.ic.gc.ca/eic/site/061.nsf/vwapj/KSBS-PSRPE_July-Juillet2012_eng.pdf/$FILE/KSBS-PSRPE_July-Juillet2012_eng.pdf?  ⢠Mulcairâs lack of clarity - Jason Myers (CME) and others have called out Mulcair for his inconsistency with corporate tax http://www.cme-mec.ca/?lid=JCKNC-E742G- 1W6JA&comaction=show&cid=HRH7K-9UE34-ACUS8 or http://www.canadianmanufacturing.com/financing/ndp-leader-mulcairs-corporate-tax-policy-needs-clarity- 150026/. So, are these comments lies and if so then defend why these comments are lies. All I have seen is people say âMulcair will look at average rates with OECDâ, but little else in statement. The fact is Canada ranking overall for taxation is 23 within OECD, but Mulcair never mention this ranking, why? http://www.slideshare.net/paulyoungcga/corporation-taxation-canada-44675640 ⢠Regulations - http://www.republicofmining.com/2015/03/20/ontario-falling-behind-in-mining-say-industry-stakeholders-by-jonathan-migneault-sudbury-northern-life-march-20-2015/  ⢠Business can adjust to costs, but not multiple changes to policies including hydro rates, taxation, supply chain management, labor costs, etc.,Â
- 20. Manufacturing / Changes ⢠Since the mid 1990s the following has impacted manufacturing ⢠Globalization of supply chain ⢠Manufacturing processes changes ⢠Laser/Robotic welding ⢠Module assembling ⢠3-d printing and/or other advance manufacturing techniques ⢠Small Manufacturers only account for 1/3 of the manufacturers in Canada ⢠Small manufacturers tend to niche manufacturers
- 21. Mulcair / Policies ⢠Mulcair/NDP ⢠Hiking the corporate tax rate of 15% ⢠Enhancing CPP which means hiking CPP taxes ⢠Carbon Cap and Trade systems which add the cost of carbon to manufacturing ⢠Innovation funds
- 22. Liberal Party / Policies ⢠Trudeau / LPC ⢠No hikes to Corporation Tax ⢠Enhancing the CPP which means increasing the CPP payroll taxation ⢠No comment on innovation funds/grants
- 23. Harper ⢠Continues to support low tax for manufacturing including CCA deductions and/or other programs ⢠http://mb.cme-mec.ca/?action=show&lid=XE8MT-GCZX2-KAD9G&comaction=show&c
- 24. Impact of Policies on Manufacturing ⢠Businesses will look elsewhere or curtail their operations if their input costs are increase, i.e. payroll taxation or corporation taxation â ORPP is used as an example as CPP enhancement would be payroll tax - http://www.thestar.com/news/queenspark/2015/06/02/business-warns-aga ⢠NDP / LPC have no control over provincial policies, but will need to push for integrate strategy to support manufacturing. Neither the NDP nor LPC have mention need for integrated approach to manufacturing ⢠http://www.cbc.ca/news/canada/windsor/windsor-chamber-of-commerce-wants-proof-hydro-rat
- 25. Resource Management ⢠Both the NDP/LPC support Green Energy policies, especially expansion ⢠NDP has come out and made comments on sustainable oil development. ⢠The problem is the NDP never comments that Natural Resources extraction/processing is Provincial matter ⢠Harper supports natural resource development
- 26. Oil Sector Financial Statement
- 27. Forestry Sector / Financial Statement
- 29. Oil âvs- Green ⢠Oil will continue to be key segment as many products required oil as part of the production process or part of delivery goods to consumers
- 30. Oil Sands⢠Annual part of GDP directly is about $32B ⢠Oil sands contribute to economic well being of the majority of the provinces
- 31. Oil Pipelines ⢠NDP - http://www.cbc.ca/news/canada/new-brunswick/brian-gallant-criticizes-tom ⢠LPC - http://www.cbc.ca/news/canada/new-brunswick/justin-trudeau-refuses-out
- 32. Key Pipelines Impact ⢠East â West ⢠Kinder Morgan
- 33. Summary ⢠Harper has been consistent that he supports natural resources ⢠Neither NDP nor LPC have come clean on energy. Both the NDP/LPC complain Harper has done nothing for the economy.
- 34. Exports/trade ⢠Key Quotes â ⢠Our economy relies on international trade but, after a decade in power, the Conservatives keep posting record trade deficits,â said NDP Trade Critic Don Davies (Vancouver-Kingsway). âWhile the Conservatives posture and boast about signing even the tiniest trade deal, exports are actually falling and Canadian companies are suffering for it.â ⢠⢠Industry comments ⢠http://mb.cme-mec.ca/?action=show&lid=XE8MT-GCZX2-KAD9G&comaction=show&cid=BB84I-8J2NK-TQJC â key quotes âCompanies must be prepared to take advantage of this opportunity,â said Jayson Myers, president and CEO of Canadian Manufacturers and Exporters (CME).â ⢠http://www.chamber.ca/media/news-releases/140512-canadian-businesses-need-more-than-trade-agreem - Key quotes âRecent efforts to improve domestic competitiveness and sign new free trade agreements are helping. But these alone cannot address all the barriers companies face when entering a new business environment, or substitute for the need to build government-to- government relationships that open new opportunities.
- 35. Exports/trade⢠Exports Policies ⢠EDC - http://www.edc.ca/EN/About-Us/News-Room/News-Releases/Pages/CME-EDC-Partnership.aspx - Key Quotes âThe global economy has changed, and Canadian manufacturers must actively explore new markets to compete and grow,â explains CME President & CEO, Jayson Myers. âBut that reality comes with an element of risk, and securing the right type of insurance can be the difference between expanding your business and going out of business.â ⢠EDC/CFIB - Small businesses are small in name only," commented Aron Gampel, Deputy Chief Economist, and Scotiabank. "Small businesses are the backbone of the Canadian economy, providing big support to the nation's G7-leading performance. Small businesses are not only big generators of jobs in goods and services throughout the country, but they are also big contributors to the investments and exports that are important drivers of growth." (Source - http://www.cfib-fcei.ca/english/article/2586-small-business-big-impact-scotiabank-and-cfib-launch-challenge-to-recognize-impact-of-small-business.html) ⢠Chamber of Commerce/Canada â Source - http://www.chamber.ca/media/blog/150421-budget-brings-canada-to-crossroads-/2015_Budget_Analysis.pdf - Key Quotes âThere was an impressive list of commitments to expand trade, with a number of big wins for business and for the Canadian Chamberâs report that recommended expanded trade promotion. In fact, the government promised $50 million over five years for the Export Market Development Program to help SMEs explore export opportunities - market research, attending trade shows, pilot projects for between 500 to 1,000 exporters per year. There was also $42 million over five years to expand the Trade Commissioner Service ⢠Trade Stats ⢠Yearly Stats - http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/gblec02a-eng.htm ⢠Canada had $568M surplus in 2011 ⢠Canadaâs export to China went from $11B in 2009 to close to $21B in 2014 ⢠Canadaâs import from Saudi Arab went from $1.7B in 2009 to close 2.1B in 2014. Bulk of imports from Saudi Arabia is oil. NDP never mention that stats in their trends, why? ⢠Canada had close to $5B surplus in 2014, but no comment from the NDP, why ⢠2015 â Trade - http://www.slideshare.net/paulyoungcga/key-industry-and-market-indicators-for-july-2015-canada-and-north-america-51666561. (Referred to slides 11 to 24). Canada exports for 2015 could be $530B. NDP Comments ⢠NDP constantly calls out Harper on trade, but never says anything on their policies. http://blogs.windsorstar.com/business/unifor-ndp-at-odds-over-nafta. It seems the NDP is at odds with Mulcair over NAFTA. FYI â Harper has supported the automotive industry via his funds - http://www.slideshare.net/paulyoungcga/federal-government-programs-canada. ⢠Harper and Ford - http://www.marketwired.com/press-release/harper-government-celebrates-completion-ford-oakville-assembly-plant-transformation-1995483.htm ⢠Harper and Toyota - http://www.cbc.ca/news/politics/toyota-gets-government-funding-to-build-hybrid-car-in-canada-1.1390325
- 36. NDP / Exports
- 37. NDP / Exports
- 38. Trade / Exports ⢠Facts ⢠For each new $1B of exports sales there is 5,500 of new jobs ⢠Exports jobs pay more that many of the segments ⢠Exports depend on trade/investment deals ⢠Both NDP and LPC talk trade, but are not clear on how they would close the trade balances. For example Canada imports $2B worth of Saudi Oil that could be replaced with East-West Pipeline, but neither the NDP nor LPC are clear on the east-west pipelines ⢠Canada exports are about 20% less than they could be if either business capacity or infrastructure existed to exports. Harper has slowly supporting exports via EDC as well as build Canada and gas tax funds. The problem is many provinces like Ontario are setting the wrong policies as part economic development. ⢠Currently, there is about 530B in exports. So, 20% would be 106B in new trade. The net income before taxes is about 12% as such new exports could $2B more in new corporate taxation. Yet, there is no commitment from either NDP/LPC to look at how to expand exports.
- 39. Taxation overall ⢠Mulcairâs plan ⢠Mulcairâs spending would require $10-15B in new revenue. Mulcair is planning to hike payroll taxes as well as corporate taxation to large businesses ⢠JT Plans ⢠Justin Trudeau plan is to hike payroll taxes and not touch corporate taxation ⢠Justin Trudeau also plans to reverse the income tax splitting ⢠Harper ⢠Harper will continue to toe the line when it comes taxation
Editor's Notes
- http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/econ04-eng.htm
- https://www.liberal.ca/files/2015/06/a-new-plan-for-canadas-environment-and-economy.pdf http://www.slideshare.net/paulyoungcga/federal-policy-analysis-green-technology-canadaa Additional comments - Source Article - http://www.cbc.ca/news/politics/justin-trudeau-pledges-millions-of-dollars-to-support-green-technology-1.3194875  Justin Trudeau quotes  âWe'll invest $100 million more per year in organizations that have been successful at supporting the emergence of clean technology firms in Canada, including Sustainable Development Technology Canada."  "We know the world has changed in the last 10 years," he said. "Mr. Harper and his government have not. Their plan has failed and they have no new ideas. We have to act now."  Harperâs Green Energy Harper has not failed to act on any files including green technology. Harper continues to fund SDTC as well as other programs to the economy: http://www.slideshare.net/paulyoungcga/federal-policy-analysis-green-technology-canadaa or http://www.slideshare.net/paulyoungcga/federal-government-programs-canada  It seems there are over 246 projects now that have received seed funding from the government of Canada? http://www.canadianmanufacturing.com/sustainability/sdtc-launches-new-round-of-funding-for-cleantech-innovation-133145/. So, how come JT did not mention this statement?  Example of Private Sector investment Here is what the private sector has said on Harperâs programs: http://news.gc.ca/web/article-en.do?nid=944069 http://entrepreneurship.ubc.ca/minister-finlay-announces-investment-in-clean-technology-projects-in-british-columbia/ http://www.cme-mec.ca/?lid=JCKNC-E742G-1W6JA&comaction=show&cid=EBHG9-BRWCN-HRZ7V http://business.financialpost.com/executive/smart-shift/canadas-best-kept-secret-14-cool-and-innovative-clean-tech-companies  Trade and Exports Justin Trudeau comment exports - http://www.cbc.ca/news/politics/justin-trudeau-says-public-transit-exports-to-be-planks-of-liberal-economic-policy-1.2975471  There are over 700 clean energy companies in Canada that generate over $11B in revenue. (http://business.financialpost.com/executive/smart-shift/canadas-best-kept-secret-14-cool-and-innovative-clean-tech-companies) 52% of the clean energy sales are exports  So, how is harper policies for trade/investment not supporting Clean Energy? http://www.edc.ca/EN/About-Us/News-Room/News-Releases/Pages/ifc-china.aspx  I am all for a good debate, but Justin Trudeau always blames Harper, but yet his policies are actually supporting different aspects of the economy, like Green Energy.   Â
- http://www.ctvnews.ca/sci-tech/canada-ranks-sixth-in-world-for-investment-in-renewable-energy-1.2305515 http://cleanenergycanada.org/wp-content/uploads/2014/12/Tracking-the-Energy-Revolution-Canada-.pdf Liberal Party never discusses how Canada has done well with green technology. It seems the LPC wants to push green at all costs!
- LPC talks about the economy at high level with no details Exports are key for Canada and yet the LPC has said little how they will expand exports. The LPC has less than stellar record on exports as they did little work with trade/investment deals that would have open up Asia-Pacific Manufacturing is still key area for Canada and yet Justin Trudeau has been incoherent with his statement â JT told London that they need to get out of manufacturing and then a few days told Windsor that Harper does not support automotive Green Technology requires raw materials like rare metals, carbon, heat source, etc to manufactured/deliver and installed. LPC has been less than transparent on what does that mean for the economy include key sectors like oil and natural gas.
- Source â Stats Canada http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/gdps04a-eng.htm
- http://www.magna.com/investors/financial-reports-public-filings Magna paid 26% effective income tax rate (ex payroll taxes, excise taxes, etc) Magna has significant operations in Canada
- It is too bad that both Ontario and PQ have drove out business or they would be bigger parts of the economic growth in Canada! Ontario should be 3-4% growth and not 2.2%! http://www.bmonesbittburns.com/economics/focus/20150313/feature.pdf . Wait till Ontario taxpayers get the full brunt of ORPP and the carbon tax!!  Volvo used to make graders in Goderich back in 2008 and then moved the production to South Carolina (http://www.thestar.com/business/2008/10/01/volvo_plant_closure_takes_toll_on_goderich.html). One would have to think if the fundamentals were stronger in Ontario then would Volvo have left Ontario or would have considered Ontario for more investment? http://www.canadianmanufacturing.com/manufacturing/volvo-chooses-south-carolina-for-us500m-assembly-plant-147824/?utm_source=CMO&utm_medium=email&utm_campaign=CMO-EN05112015  NDP under Mulcair seems to not understand the constitution â 92A â I suggest you check out comments from Peter Julian, Nathan Cullen, Megan Leslie, Niki Ashton, Mulcair, etc. It seems to me they NDP blames MFG losses solely on Harper, right? https://www.youtube.com/watch?v=Z9M64cHqtx8 . Yet, no comment on Buttsâ statement - http://www.therebel.media/trudeau_advisor_gerald_butts_green_energy_policies_cost_ontario_300_000_jobs_admits_liberal_think_tank or http://www.cme-mec.ca/?lid=JCKNC-E742G-1W6JA&comaction=show&cid=HRH7K-9UE34-ACUS8  BTW â Here is what Jason Myers has said about CPC policies - http://mb.cme-mec.ca/?action=show&lid=XE8MT-GCZX2-KAD9G&comaction=show&cid=3CWP8-FKASM-JYNFE. Is this guy lying?  BTW: - Ontarioâs policies have killed manufacturing, but no comment, why? http://www.therebel.media/trudeau_advisor_gerald_butts_green_energy_policies_cost_ontario_300_000_jobs_admits_liberal_think_tank    Source: Ontario Exports lack capacity - http://business.financialpost.com/2015/02/19/ontario-manufacturers-key-to-recovery/. Debt Rating - http://www.thestar.com/business/economy/2015/07/06/sp-downgrades-ontario.html Ontario (ORPP) - http://business.financialpost.com/2015/02/12/jack-mintz-ontarios-really-bad-pension-scheme/ or http://www.cfib-fcei.ca/english/article/6406-ontario-budget-reissued.html Carbon Taxes - http://www.bloomberg.com/news/2014-10-18/british-columbia-to-outline-carbon-tax-policies-for-lng.html what is also not being said is the tax credits that were brought in as part of buffering the impact of the carbon tax, like lowering personal and corporate taxes or tax credits for entertainment industries, or the areas. The BC government also introduced as specific tax for LNG as way to bring in revenue and to take advantage of growth in LNG. The problem in Ontario is the tax likely will not have much tax credits. Wynne is desperate for money as such will push the carbon tax as tax grab masked as helping the environment. BTW: Ontario has no coal generation as that has been eliminated. Ontario will see costs go up by 3% on top other taxes like ORPP or hikes in hydro rates or other areas. Ontario is becoming very unaffordable for people! My above presentation explains the impact of the carbon tax/pricing in Canada. FYI - Australia scrap the tax, why? http://www.independent.co.uk/environment/climate-change/australia-scraps-carbon-tax-tony-abbott-makes-his-country-a-global-pariah-after-legislation-is-passed-by-senate-9613291.html. If you want go after emitters then why not slammed the carbon tax on imports from China, India and/or USA? It seems to me India/China/USA are the biggest emitters for GHG, right? Source: â Harmonization - http://www.cp24.com/mcguinty-rejects-claim-hst-will-kill-jobs-says-it-will-create-600-000-1.454807 Hydro Rates - http://www.thestar.com/business/2014/02/26/ontarios_big_industries_plead_for_lower_hydro_rates.html or http://www.therebel.media/trudeau_advisor_gerald_butts_green_energy_policies_cost_ontario_300_000_jobs_admits_liberal_think_tank or http://www.northernlife.ca/news/localNews/2015/07/09-hydro-rates-chamber-report-sudbury.aspx Skills Gaps - http://www.collegesontario.org/Need_to_Make_Skills_Work_Report_June_2013.pdf Other Sources / Government policies/market trends Municipalities: http://www.slideshare.net/paulyoungcga/municipalities-canada KPIs for January 2015 - http://www.slideshare.net/paulyoungcga/key-market-and-industry-indicators-for-canada-january-2015 Internal Trade Barriers - http://www.slideshare.net/paulyoungcga/internal-trade-canada  CFIB - http://www.cfib-fcei.ca/english/article/5299-employment-insurance-helping-workers-back-to-work.html  Programs â SDTC - http://www.orbitealuminae.com/English/investors/news/news-details/2015/REMINDER-Orbite-Selected-for-45M-Grant-From-Sustainable-Development-Technology-Canada-SDTC/default.aspx. This program was started by the Liberal party, but kept by the CPC  Programs â EDC http://www.edc.ca/EN/Knowledge-Centre/Economic-Analysis-and-Research/Documents/export-performance-monitor.pdf  Programs â small business loans â http://www.stcatharinesstandard.ca/2015/01/22/harper-says-small-business-getting-financial-help  Natural Gas - http://business.financialpost.com/2015/02/19/canada-to-reduce-taxes-for-lng-projects-stephen-harper-says/?__lsa=2753-9c88  Stimulus - http://news.nationalpost.com/full-comment/john-ivison-conservatives-ill-advised-to-revive-stimulus-spending-if-economy-tanks-again  Infrastructure spending - http://www.slideshare.net/paulyoungcga/municipalities-canada  Flexible manufacturing - http://www.uky.edu/~dsianita/611/fms.html     https://www.youtube.com/watch?v=t5Lt43E0wCI    Dear Ms Crombie,   Can you please explain to me as well as other taxpayers why you are not pushing for reforms in areas like arbitration/power rates/pension & compensation/etc?  It seems to me that unless you push for reforms then the structure issues at the municipalities will never be fixed.  FYI - you talk about the economy failed to mention the need for provincial government to get their house in order, why?  Here are examples: It is too bad that both Ontario and PQ have drove out business or they would be bigger parts of the economic growth in Canada! Ontario should be 3-4% growth and not 2.2%! http://www.bmonesbittburns.com/economics/focus/20150313/feature.pdf . Wait till Ontario taxpayers get the full brunt of ORPP and the carbon tax!!  Volvo used to make graders in Goderich back in 2008 and then moved the production to South Carolina (http://www.thestar.com/business/2008/10/01/volvo_plant_closure_takes_toll_on_goderich.html). One would have to think if the fundamentals were stronger in Ontario then would Volvo have left Ontario or would have considered Ontario for more investment? http://www.canadianmanufacturing.com/manufacturing/volvo-chooses-south-carolina-for-us500m-assembly-plant-147824/?utm_source=CMO&utm_medium=email&utm_campaign=CMO-EN05112015  Source: 1.Ontario Exports lack capacity - http://business.financialpost.com/2015/02/19/ontario-manufacturers-key-to-recovery/ 2.Ontario (ORPP) - http://business.financialpost.com/2015/02/12/jack-mintz-ontarios-really-bad-pension-scheme/ or http://www.cfib-fcei.ca/english/article/6406-ontario-budget-reissued.html 3.Carbon Taxes - http://www.bloomberg.com/news/2014-10-18/british-columbia-to-outline-carbon-tax-policies-for-lng.html what is also not being said is the tax credits that were brought in as part of buffering the impact of the carbon tax, like lowering personal and corporate taxes or tax credits for entertainment industries, or the areas. The BC government also introduced as specific tax for LNG as way to bring in revenue and to take advantage of growth in LNG. The problem in Ontario is the tax likely will not have much tax credits. Wynne is desperate for money as such will push the carbon tax as tax grab masked as helping the environment. BTW: Ontario has no coal generation as that has been eliminated. Ontario will see costs go up by 3% on top other taxes like ORPP or hikes in hydro rates or other areas. Ontario is becoming very unaffordable for people! My above presentation explains the impact of the carbon tax/pricing in Canada. FYI - Australia scrap the tax, why? http://www.independent.co.uk/environment/climate-change/australia-scraps-carbon-tax-tony-abbott-makes-his-country-a-global-pariah-after-legislation-is-passed-by-senate-9613291.html. If you want go after emitters then why not slammed the carbon tax on imports from China, India and/or USA? It seems to me India/China/USA are the biggest emitters for GHG, right? Source: â 4.Harmonization - http://www.cp24.com/mcguinty-rejects-claim-hst-will-kill-jobs-says-it-will-create-600-000-1.454807 5.Hydro Rates - http://www.thestar.com/business/2014/02/26/ontarios_big_industries_plead_for_lower_hydro_rates.html 6.Skills Gaps - http://www.collegesontario.org/Need_to_Make_Skills_Work_Report_June_2013.pdf Other Sources / Government policies/market trends 7.Municipalities: http://www.slideshare.net/paulyoungcga/municipalities-canada 8.KPIs for January 2015 - http://www.slideshare.net/paulyoungcga/key-market-and-industry-indicators-for-canada-january-2015 9.Internal Trade Barriers - http://www.slideshare.net/paulyoungcga/municipalities-canada  10.CFIB - http://www.cfib-fcei.ca/english/article/5299-employment-insurance-helping-workers-back-to-work.html  11.Programs â SDTC - http://www.orbitealuminae.com/English/investors/news/news-details/2015/REMINDER-Orbite-Selected-for-45M-Grant-From-Sustainable-Development-Technology-Canada-SDTC/default.aspx. This program was started by the Liberal party, but kept by the CPC  12.Programs â EDC http://www.edc.ca/EN/Knowledge-Centre/Economic-Analysis-and-Research/Documents/export-performance-monitor.pdf  13.Programs â small business loans â http://www.stcatharinesstandard.ca/2015/01/22/harper-says-small-business-getting-financial-help  14.Natural Gas - http://business.financialpost.com/2015/02/19/canada-to-reduce-taxes-for-lng-projects-stephen-harper-says/?__lsa=2753-9c88  15.Infrastructure spending - http://www.slideshare.net/paulyoungcga/municipalities-canada    I would be more than willing to support you and your government, especially in pushing for reforms!  Regards, Paul Young   Neither Wynne nor McGuinty ever work with Ottawa as equal partner when it came to leverage programs to support the economy in Ontario. Wynne and McGuinty just wanted Ottawa to hand money over to them with no strings attached as they had their own pet projects including buying off unions. If you think I am wrong then read the AG report -http://www.thestar.com/.../8_key_findings_in_ontario...  Â
- NDP and their supporters complain about Harper all the time. The problem is the NDP never discusses the details of their plan including the impact on taxes and/or costs to the average person. If the NDP wants to be next government then should they not discussed the details, especially since Mcleans called out their 7 point plan for energy - http://www.macleans.ca/economy/economicanalysis/seven-ways-ndp-leader-thomas-mulcair-aims-to-change-canadas-energy-landscape/  The other issues with the NDP is they call out Harper for making a deal with Saudi Arabia for Military Equipment - http://www.cbc.ca/news/politics/general-dynamics-canada-wins-10b-deal-with-saudi-arabia-1.2537934. This deal would provide steady work for the London plant. So, why does the NDP supporters not want to see steady work for the private sector? I thought that Mulcair cared about the manufacturing, right? http://www.ndp.ca/news/mulcair-champions-manufacturing-cambridge.  It seems Jayson Myers message is a little different when it comes to NDPâs policies as he feels the NDP policy does not address all aspect of manufacturing - http://www.cme-mec.ca/?lid=JCKNC-E742G-1W6JA&comaction=show&cid=HRH7K-9UE34-ACUS8  Jayson Myers also said Harper has supported Manufacturing, right? http://mb.cme-mec.ca/?action=show&lid=XE8MT-GCZX2-KAD9G&comaction=show&cid=3CWP8-FKASM-JYNFE  So, who is lying to people? I bet the NDP supporters will tell me that CME is in the back pocket of the CPC, right? If so, then how about you prove that is the case!  Why would Mulcair not be promoting a made in Canada solution, like the East-West Pipeline? https://www.energyeastpipeline.com/wp-content/uploads/2013/09/Energy-East-Deloitte-Economic-Benefits-Report.pdf. Mulcair needs money so why would he not want this pipeline to be completed?   Another issue I have with Mulcair is his stance on oil. It seems Mulcair is ok with foreign oil, right? Here is some information on oil and trade between Canada and Saudi Arabia.  Comment directed to NDP Supporter Canada currently does trade with Saudi Arabia including oil, right? So how come you ignored the oil imports? http://www.parl.gc.ca/Content/LOP/ResearchPublications/2014-104-e.pdf. Canada imports 2.6B worth of oil, right? So, you are ok with importing oil from Saudi Arabia.  You do not want Saudi Arabia oil, right? The how come Mulcair does not come clean on his oil sands policies? It seems to me that Mulcair is evasive, right? http://www.theglobeandmail.com/try-it-now/?articleId=25897808. I bet you say âMulcair does support resources, right? â. Yet, Mulcairâs team have come out and condemned oil, right http://www.cbc.ca/news/politics/canada-election-2015-mcquaig-oilsands-reaction-cp-1.3184704  Did Mulcair not complain about trade deficits? So, how is imports from Saudi Arabia not impacting the trade balance? http://www.ndp.ca/news/trade-deficit-grows-conservative-economic-plan-continues-to-unravel  I have novel idea for the NDP that is tell MB/SK/AB/BC/NF what their oil policies as part of the election. I bet Mulcair is afraid to reveal his hidden agenda as he would get killed in the polls. FYI Who has control of mining/extraction of the natural resources? That would be the province, right? http://ablawg.ca/2012/09/27/peter-lougheeds-section-92a/. So, why has the NDP ignored 92A of the constitution when talking about the resources?  Mulcair is also not truthful when it comes to honesty, especially when he stage events - http://www.torontosun.com/2015/08/10/mulcair-confronted-over-oilsands-stance. Mulcair calls Harper a failure on the economy, right?  Harper has been clear that he supports natural resources and has stated the natural resources are the responsibility of the province â https://openparliament.ca/debates/2014/9/15/stephen-harper-10/ or http://www.cbc.ca/m/touch/news/story/1.2439412. Harper will support provincial government with their management of resources like he has done for LNG - http://www.vancouversun.com/Ottawa+break+boosts/10827355/story.html  Harper gets it on trade and resource management, but Mulcair does not!  http://oilprice.com/Energy/Crude-Oil/The-Saudi-Oil-Price-War-Is-Backfiring.html  Â
- 1. http://www.suncor.com/pdf/Annual_Report_2014.pdf
- http://www.tembec.com/sites/tembec.com/files/pdf/tembec-financial-report-2014-en.pdf 33.8 tax rate
- http://www.potashcorp.com/investors/financial_reporting/annual/ http://www.riotinto.com/documents/RT_Annual_report_2014.pdf
- 1. Canada will continue to be world player in oil as it rank in the top 10 in the world for oil reserves
- http://www.capp.ca/publications-and-statistics/publications/264673 CME http://www.cme-mec.ca/download.php?file=hnyxdi1h.pdf Neither NDP nor LPC discuss the benefits to manufacturing across Canada. It seems the Parties are all about Green Technology that will not support the economic activities that oil generates for the economy.
- East-West - http://www.energyeastpipeline.com/wp-content/uploads/2015/04/deloitte-response-to-mowat-report.pdf Mountain BCKinder Morgan says Trans Mountain pipeline would add $18.2B to national GDP Canadian http://www.canadianmanufacturing.com/supply-chain/kinder-morgan-says-trans-mountain-pipeline-would-add-18-2b-to-national-gdp-153253/Manufacturing
- https://ca.news.yahoo.com/blogs/canada-politics/ndp-would-embrace-trade-agreements-in-office--party-s-trade-critic-says-214429359.html https://ca.news.yahoo.com/blogs/canada-politics/ndp-would-embrace-trade-agreements-in-office--party-s-trade-critic-says-214429359.html http://blogs.windsorstar.com/business/unifor-ndp-at-odds-over-nafta
- https://ca.news.yahoo.com/blogs/canada-politics/ndp-would-embrace-trade-agreements-in-office--party-s-trade-critic-says-214429359.html https://ca.news.yahoo.com/blogs/canada-politics/ndp-would-embrace-trade-agreements-in-office--party-s-trade-critic-says-214429359.html http://blogs.windsorstar.com/business/unifor-ndp-at-odds-over-nafta Harper continues to work on various policies that drive business investment including funds. There was no mention of the funds and/or the government agencies working together on policies/investment - http://www.slideshare.net/paulyoungcga/federal-government-programs-Canada
- It is funny how you make comments on China, like Harper sold Canada out! Yet you provide no links/facts that support your claim. I bet you will come back to me with links to Huffington Post or iPolitics or maybe Mike Harris (Unifor supporter), right  Have you look at the deal or are you taking sound bites from the NDP or other parties? Here is what key people say about FIPA: CME - http://www.cme-mec.ca/?lid=JCKNC-E742G-1W6JA&comaction=show&cid=3BQUJ-U9UKB-6PRJU CAPP http://business.financialpost.com/2014/12/06/level-playing-field-why-a-chinese-currency-hub-will-help-boost-canadas-oil-sector/?__lsa=3b29-0e59  Here is what is says on lawsuits: In two decades Canada has lost lawsuits, however, the money is peanuts in terms of the overall spending. http://www.huffingtonpost.ca/2015/01/14/canada-sued-investor-state-dispute-ccpa_n_6471460.html. I quoted Huffington Post as way to show the LPC bias towards the lawsuit. This article says 20 years as such it goes to show with all the trade over the past 20 years the value of the lawsuits is peanuts. Letâs say exports are $400B on average for 20 years then that means 8 trillion of exports and only $175M in lawsuits. I think that is a pretty good loss ratio, right?  If you like I can go into more aspect of exports? For each $1B of exports there is 5,500 new jobs. How come you did not mention that comment? http://business.financialpost.com/2013/04/18/trudeau-favours-trade-so-far-so-good/.  How about a looking at other trade deals with growing economies like Colombia or South Korea other nations? Colombia Trade with Canada - http://www.cme-mec.ca/?lid=JCKNC-E742G-1W6JA&comaction=show&cid=ZN8E6-5D4S5-R8TRX or http://www.ibtimes.com/colombia-surpasses-argentina-latin-americas-third-largest-economy-due-inflation-currency-changes-gdp South Korea - http://www.thestar.com/news/canada/2014/03/11/who_will_be_winners_losers_in_korea_deal.html  I can go into other deals like Europe or other countries. I think you will ignored the links as such there is no point for me to waste any more time with my post!  Trade and investment deal are very key as it is difficult for Canadian companies to expand into various countries due to protectionist policies of various governments! Source: http://www.slideshare.net/paulyoungcga/key-market-and-industry-indicators-for-canada-december-2014 http://www.slideshare.net/paulyoungcga/federal-government-programs-canada http://www.slideshare.net/paulyoungcga/kp-is-november-2014 http://www.magnoliamc.com/2015/02/05/canadas-trade-gap-widens-but-exports-surprisingly-strong/ http://www.bmonesbittburns.com/economics/reports/20141107/sr141107-harvest.pdf FDI - http://www.automationmag.com/industry-news/news/4429-canada-ranks-third-globally-in-foreign-direct-investment-confidence-index http://www.slideshare.net/paulyoungcga/trade-and-investment-for-canada February 2015 - http://www.slideshare.net/paulyoungcga/canada-economy-overview-including-trends-and-policy-analysis-february-2015 January 2015 - http://www.slideshare.net/paulyoungcga/key-market-and-industry-indicators-for-canada-january-2015. NAFTA approval - http://business.financialpost.com/news/economy/20-years-on-canadians-warming-to-nafta-poll-shows CETA â Atlantic Canada - http://www.canadianmanufacturing.com/operations/ceta-will-bring-good-tidings-for-atlantic-canada-says-ernst-young-150525/?%2520Young&utm_source=CMO&utm_medium=email&utm_campaign=CMO-EN06302015  My concern is that policies that drove Kelloggs out were more provincial driven than federally. We need to be careful that we do not always blame the federals when we have government like Ontario Liberal that have brought in bad after bad policies for businesses  http://www.betterfarming.com/online-news/kellogg-announces-closure-london-plant-54121 http://www.macleans.ca/economy/economicanalysis/the-province-is-partly-to-blame-for-kelloggs-plant-closure-in-london-ont/ Food Processing/Hydro Rates - http://www.cbc.ca/news/canada/windsor/ontario-s-33-electricity-rate-hike-concerns-tecumseh-mayor-1.2499040 ORPP - http://www.juliamunrompp.com/JuliaMunroIssues/Details/Julia%27s_speech_against_the_Ontario_Retirement_Pension_Plan_%28ORPP;_Bill_56%29 Carbon Taxation - http://www.slideshare.net/paulyoungcga/carbon-tax-canada-and-its-provinces    Â