Tag Archives: Trade

Roundup: Investment rules and an eye on joint ventures

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Those new foreign investment rules unveiled by Harper along with the Nexen and Progress Energy decisions will likely have an impact beyond the oil sands – but it’s clear as to how just yet. What it will likely do is involve state-owned enterprises in more joint ventures and having them become minority shareholders to conform to the new rules. Economist Stephen Gordon looks at the economics of investing in the oil sands and why there is a need for foreign investment (and why most of the fears about foreign state-owned enterprises are overblown).

Oh, and those theories that Harper put these markers around state-owned enterprises as a marker for future trade negotiations with China? Paul Wells wonders about the logic of that considering that Canada-China FIPA that’s sitting there, unratified…

On the F-35 file, certain critics say that the promised industrial benefits (currently pegged in the $9 billion range, down from the $12 billion originally stated) aren’t likely to materialise, which is a ticking time bomb for the government. To date those industrial benefits have amounted to less than $500 million.

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QP: Predictable questions on Nexen and the F-35s

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The last sitting Monday of the year was a bit scrappy, but not to the point of rancour. All three leaders were in the House, which I am taking to be a sign that the House will rise before the week is out. Thomas Mulcair angrily read off a trio of questions about the Nexen takeover and accusing Harper of not respecting the rule of law. Harper responded by assuring him that the decisions were made under the current laws and that going forward there would be no more acquisitions by state-owned companies. Matthew Kellway was up next to ask about the leaked numbers from the KPMG audit of the F-35s and demanded an open competition. Ambrose insisted the secretariat was doing just that, and reminded him that the more years you add to the lifecycle, the higher the cost figure grows. Bob Rae pressed on about F-35s, repeating previous government statements about their necessity. Harper gave the party lines about how no money was spent on acquisition and that the CF-18s needed to be replaced. For his final question, Rae asked for the terms and conditions of the CNOOC and Petronas purchases to be made public. Harper reminded him that it was not yet the proper time to do so, as there are confidential commercial concerns.

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QP: The return of tainted meat questions

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It ended up being a week without the two main leaders facing off in QP, where Mulcair was again absent while Harper was back in the Chamber today. And despite there being three NDP deputy leaders in the House, they nevertheless decided to have Nycole Turmel read off the scripted question about a memo at CFIA about ignoring contaminated meat for non-Japan markets. Harper responded by saying that they ensure that meat is just as safe for Canadians as for the export market. Turmel then asked about cuts to inspections, to which Gerry Ritz responded this time, saying that they were enhancing the regulatory powers, and that the NDP voted against it. Malcolm Allen followed up with more of the same, this time in English, and got much the same from Ritz in response. When Bob Rae got up for the Liberals, he hammered away on the CFIA memo, not that Harper and Ritz responded any differently.

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QP: No amendments, no mistakes

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With a news-packed morning passed and the by-election anticipation building, the House was absent of party leaders today. Megan Leslie took the lead for the NDP, asking about Omnibus Budget Bill 2: The Revenge and the government’s refusal to accept amendments, despite having made mistakes in the previous omnibus budget bill that this bill had measures to correct. Jason Kenney, the back-up PM du jour, went on about unnecessary regulations and ponds on farmers’ fields. When Leslie asked him about the “contingency plans” spoken of by Flaherty as he and Harper contradicted one another on the deficit numbers, Kenney touted the Economic Action Plan™ instead. Peter Julian was then up to ask about the yet-unreleased foreign takeover rules, but Christian Paradis accused the NDP of being anti-investment. Paradis went a little off-message by accusing the Liberals of opposing foreign investment as well, when the usual talking point is that they rubberstamped every foreign takeover that came before them. (Looks like someone’s handler is going to have to give him a talking to). Ralph Goodale was up for the Liberals, and pressed about the refugee health cuts, especially with the comments made by Saskatchewan premier Brad Wall. Kenney said that the provinces can make any decisions they like about additional insurance for refugee claimants, and left it in their laps.

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Roundup: Triple by-election day

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It’s by-election day in Calgary Centre, Durham, and Victoria! While Durham is expected to be a Conservative hold, and Victoria likely to stay NDP (though the Greens are really pushing for a second seat there), all eyes will be on Calgary Centre. Over the weekend, at the final debate, Conservative candidate Joan Crockatt was making bizarre statements, like only a government MP could help you if you lost your passport while in Mexico because they could go across the hall to the minister’s office – which is patently not true (especially since you would go to the nearest consulate for non-partisan, civil service assistance). But then again, Crockatt has made a campaign of saying terribly wrong things about our political system, so why should she change now? (Recall this particular post after one of her very wrong statements early in the campaign. Yeah, this is a problem).

In the wake of the Trudeau apology, Aaron Wherry digs up some great moments in regional politics history, like the “no more prime ministers from Quebec” ad that the Reform Party launched – and Harper defended. Peter Armstrong wonders if Alberta has become the new Quebec. In this clip, Paul Wells makes some additional observations of the context of the interview that Trudeau said the aforementioned comments. And yes, Conservative Party headquarters has a big binder full of controversial things that Harper has said in the past. One wonders if the Trudeau camp is now compiling their own, so as not to be surprised when the next impolitic quote is dredged up.

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Roundup: Trudeau pile-on while committee vote-athon continues

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Justin Trudeau said something a bit impolitic in an interview two years ago about how Quebeckers were tired of Albertan prime ministers and how having more Quebeckers in positions of power would be better for the country – all in the context of pandering to a Quebec audience while fighting for his seat against separatists, which is not wholly unexpected. But SunTV “revealed” it yesterday, and suddenly everyone lost their minds. Because we had nothing better to talk about, apparently. Also lost in the pile-on was the old Reform ad campaign about “no more prime ministers from Quebec, “ but hey, that’s all in the past, right? And it’s not like politicians in this country could ever be accused of regionalism, ever. Anyway, Trudeau refused to apologise, and simply declared it to have been taken out of context, for what it’s worth.

Over in the Commons finance committee, voting continues apace on the 3000+ amendments that Scott Brison introduced, and because the Conservatives and NDP on the committee voted to change their own rules, so that the amendments would be kept in the committee rather than going to the House once time elapsed, the voting continues in committee. Kady O’Malley has been liveblogging the proceedings diligently.

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QP: Not meeting with the premiers

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The day was not off to a promising start as more statements condemning David McGuinty and the Liberals continued to make the rounds during the QP warm-up, because hey, there’s a by-election four days away, and there’s nothing like cheap political hay to be made. Thomas Mulcair started off by reading a pair of questions on why Harper wasn’t attending the First Ministers’ meeting in Halifax to talk about the economy, to which Harper assured him that he meets with the premiers regularly, and he’s focused on the economy. For his last question, Mulcair asked about the court case against the Parliamentary Budget Officer, but Harper didn’t answer about that, only offered to “correct” Mulcair’s preamble aside about how job numbers weren’t really that great, and so on. Libby Davies was up next asking about child poverty rates, to which Diane Finley assured her that they were less than half of what they were under the Liberals because of the government’s good work. Bob Rae returned to the question of Harper not speaking to the premiers, and Harper said that he not only met with premiers regularly, but members of the business community and ordinary Canadians too!

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Roundup: Awards season, Hill style

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It was the Parliamentarian of the Year Awards last night, and a hearty congratulations to Elizabeth May for taking the top prize. Other winners include Kirsty Duncan (Hardest Working), Bob Rae (Best Orator), Peter Stoffer (Most Collegial, once again), Stephen Harper (Most Knowledgeable), Michelle Rempel (Rising Star), and Niki Ashton (Best Represents Constituents). A lifetime achievement award was presented to Preston Manning. In advance of the awards, Paul Wells sat down with previous winners to discuss the importance of the award. (And here are some more photos from the party – because it really is one of the best events on the calendar.)

The other big news out of yesterday was the amount of faux outrage because David McGuinty deigned to call MPs out for being provincial when it comes to the narrow interests that they’re promoting. The horror! Were the remarks impolitic? Yes. Were they an offence that merited his resigning his critic portfolio? Hardly, and yet that’s what happened. Let’s see how much more faux outrage the Conservatives can try to milk out of this today as well as they try to shore up their chances in the Calgary Centre by-election.

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Roundup: Talking about the economy sans Harper

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The provincial premiers are meeting in Halifax to talk about the economy, and yet, Stephen Harper won’t be there – despite insisting that the economy is his favourite topic and the one thing that all Canadians really care about instead of any other pesky political problems. Funny that.

New refugee laws come into force next month, which mandate mandatory detention for “mass arrivals” – basically refugees that arrive on boats. Never mind that this has proven to be a costly failure in Australia, Jason Kenney still insists it’ll be a deterrent for false asylum seekers – even though it’ll make things worse off for legitimate refugees.

Northern Gateway environmental hearings have added an additional ten weeks in BC, seeing as a lot of people want their say on the project.

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Roundup: The big infrastructure ask

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Big city mayors (minus Toronto and Montreal) were meeting in Ottawa yesterday, where they asked the federal government for $2.5 billion in matching annual funds for infrastructure, and talked a lot about gridlock. And while yes, infrastructure is a big deal, I just worry about the gridlock excuse because when you build more roads, you only get more gridlock. Of course, municipalities need to start talking about capping their borders and focusing on intensification so that mass transit becomes more feasible and cost-effective and people have an incentive to use their cars less, but I don’t hear too much discussion around that.

The government is spending $4 million on the ad budget for its Responsible Resource Development™ campaign – a fairly Orwelling branding exercise about how great it is that they’re promoting resource extraction industries while gutting environmental regulation. This $4 million is above the $5 million ad budget already allocated to Natural Resources Canada.

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