Category: Economy

Canada Ranks Among the Best in Attracting Foreign Dollars

Last week, the Senate adopted Bill C-34, the National Security Review of Investments Modernization Act.  The Senate Banking Committee, on which the Senator Tony Loffreda serves as Vice-Chair, reviewed the bill and adopted it without any amendments, but with some strong observations directed to the government.  Considering the importance of this bill in attracting direct foreign investments, the Senator chose to write his most recent piece on the bill and the work of the committee. 

Carbon Tax, tug-of-war between Prime Minister and the premiers

TORONTO – The tug of war over the carbon tax continues between Prime Minister Justin Trudeau and the premiers of Canada: in a letter sent to the seven premiers asking for a stop to the imminent increase in the tax (on April 1st) – also to the Liberal premier of Newfoundland and Labrador, Andrew Furey – the Prime Minister writes that ““There are several factors that affect inflation. It is critical to dispel the misconception that Canada’s carbon pricing system is a significant driver of inflation — because that is demonstrably false. According to the Bank of Canada, the carbon price is only responsible for about 0.1 percentage points of annual inflation”.