Canada's regulatory burden undermining business competitiveness

[Anonymous]

Ottawa, May 31, 2018—Canada's regulatory system is smothering business in Canada, thanks to a growing mix of complex, costly and overlapping rules from all levels of government. A new report by the Canadian Chamber of Commerce, Death by 130,000 Cuts: Improving Canada's Regulatory Competitiveness, calls on governments to modernize their regulatory frameworks and give businesses in Canada room to thrive.



"Inconsistent and unpredictable rules and processes are making it difficult for businesses—whether large or small—to comply. This leads to our businesses being less competitive and Canada becoming a less attractive place to invest, start or grow a business," said the Hon. Perrin Beatty, President and CEO of the Canadian Chamber of Commerce. "Regulations are designed to keep us safe and to create a level playing field. But when they start to smother businesses, that becomes a real problem."



[size=150]The U.S., which is both our largest trading partner and competitor, has recently implemented significant corporate tax and regulatory reforms. Canada cannot afford to fall further behind.[/size] Today's report identifies opportunities to increase public and investor confidence in Canada's regulatory systems and provides clear recommendations to government on how to do it.

http://www.chamber.ca/media/news-releases/180531-regulatory-burden-undermining-business-competitiveness/">http://www.chamber.ca/media/news-releas ... itiveness/">http://www.chamber.ca/media/news-releases/180531-regulatory-burden-undermining-business-competitiveness/



We as a nation are owed decent living standards. The Trudeau regime and some provincial governments need to reverse course. We already see positive signs in Ontario.

[Anonymous]

MONTREAL, Oct. 19, 2017 /CNW Telbec/ - The drop in oil and gas investment and the abandonment of projects like the Energy East pipeline may well get worse in Canada due to the erosion of our competitive position relative to the United States. This is the main conclusion of a Research Paper published today by the MEI.



"We are less and less competitive. This year alone, four large projects worth a total of $84 billion were abandoned," notes Germain Belzile, Senior Associate Researcher and author of the publication. "Investors are shunning Canada and choosing the United States. American oil and gas investments are expected to increase by 38% this year compared to 2016, while in Canada the expected increase is just 19%."



Indeed, many American policies are more welcoming for companies, and could become even more so. Whereas the U.S. government continues to reduce regulations in all sectors, including the oil and gas sector, it is estimated that the cost of the regulatory burden in Alberta will have increased by between 12% and 21% by 2023.



"After only ten days in power, the Trump administration had already issued 37 different resolutions through Congress aimed at repealing dozens of regulations. This topped what the House of Representatives had undertaken in any of its two-year mandates during the Clinton, Bush Jr., and Obama presidencies," explains Mr. Belzile. "This shows how urgent it is for Canada to act."

https://www.newswire.ca/news-releases/energy-sector-competitiveness-the-united-states-breaks-new-ground-canada-loses-ground-651574133.html">https://www.newswire.ca/news-releases/e ... 74133.html">https://www.newswire.ca/news-releases/energy-sector-competitiveness-the-united-states-breaks-new-ground-canada-loses-ground-651574133.html



This is  nearly a year old, but Canada still hasn't got the message. The oil and gas sector is booming South of the border while here it's on life support.

[Anonymous]

Foreign direct investment into Canada plunged last year to the lowest since 2010, hampered by an exodus of capital from the nation's oil patch and worries about the fate of the North American Free Trade Agreement.



Direct investment dropped 26 per cent in 2017 to $33.8 billion, Statistics Canada reported Thursday in Ottawa. Capital flows dropped for a second year, and are down by more than half since 2015. The investment that did take place was from reinvested earnings of existing operations. Net foreign purchases of Canadian businesses turned negative for the first time in a decade, which means that foreign companies sold more Canadian businesses than they bought.

http://business.financialpost.com/news/economy/foreign-direct-investment-in-canada-plunges-on-oil-exodus-1">http://business.financialpost.com/news/ ... l-exodus-1">http://business.financialpost.com/news/economy/foreign-direct-investment-in-canada-plunges-on-oil-exodus-1



What's most disturbing is Trudeau seems to think this is acceptable. The Trudeau regime passed a budget that does absolutely nothing to improve our competitiveness against the US who just slashed corporate tax rates and have been eliminating cumbersome regulations.

[Anonymous]

My husband's company's American operations are very busy, but very slow in Western Canada.

 

[Anonymous]

There won't be middle class private sector jobs in this country if True Dope is not fired next year. Even Canadians don't want to invest here.

[Anonymous]

There won't be middle class private sector jobs in this country if True Dope is not fired next year. Even Canadians don't want to invest here.

Nineties Liberals like John Manley, John Nunziata, Tom Wappel and Dan McTeague are absolutely disgusted at the way Trudeau is destroying  the Liberal brand.