Wednesday, June 19th14.2°C
17161
17965

Business

NDP leader: China treaty a threat

by The Canadian Press - Story: 83201
Nov 13, 2012 / 7:40 pm

A soon-to-be ratified investment treaty between Canada and China has the potential to wrest control of natural resources away from the provinces, the leader of the federal NDP said Tuesday.

"I think one of the things that we have to know is that this can cause huge upheaval in the province's ability to control their natural resources and real problems for Canada's sovereignty long-term," Tom Mulcair said in an interview with The Canadian Press.

Control over resources is a particularly prickly topic in Alberta, where Mulcair was making a stop to support anti-poverty advocate Dan Meades, the party's candidate for Calgary-Centre in a Nov. 26 byelection.

Mulcair has said previously that a New Democrat government would do anything in its power to extricate Canada from the Foreign Investment Promotion and Protection Agreement if it's found to not be in the country's best interest.

"I think the average Calgarian and the average Albertan understands very well that the battles that were fought 30 some-odd years ago to get control of natural resources put in the constitution shouldn't be thrown aside easily," Mulcair said at Meades' campaign headquarters, where volunteers were busily working the phones in the next room.

"People are starting to realize that this could play havoc with the province's ability to control their resources going forward."

The Canadian Press


Read more Business News

14631

Today's Market
S&P TSX12292.31-75.15
S&P CDNX925.79-4.20
DJIA15226.04-92.19
Nasdaq3423.5550.00
S&P 5001637.57-14.24
CDN Dollar0.9733N/A
Gold1358.70-8.00
Oil98.24-0.20
Lumber282.90+2.10
Natural Gas3.965+0.06

 
Okanagan Companies
Sun Rype6.200.00
Pacific Safety0.045-0.01
Knighthawk0.020.00
QHR Technologies Inc0.64+0.03
Cantex0.0550.00
Anavex Life Sciences0.685-0.05
Metalex Ventures0.060.00
Russel Metals25.83+0.21
Copper Mountain Mining1.73-0.06
Colorado Resources0.78+0.05
ReliaBrand Inc0.130.00

 



16578

FEATURED Property
1332464Lot 52, Gallaghers Edgewood Drive S Kelowna, BC
10039382 bedrooms
$195,000
more details

view all featured properties
Click here to feature your property
Please wait... loading


Market turbulence takes its toll

Big Picture Economic Data Remains the Focus Equity markets around the world continued to decline this week as investors remain focused on the trend of economic data and whether economic growth is stro...


House hunting: finding the right fit

With so many choices and variables, how do you find the perfect fit? Before you start your search, it’s a good idea to narrow down the playing field by looking at what would fit you best. Here&r...


Reflections on water

My closest partner is my wife and this week I just wanted to share some of our work from her perspective, as she is more of a "thinker" than me, and I wanted to share our activities and goa...

_


Previous Stories


16504

FIND MORE
Position yourself in the Okanagan's most visually comprehensive business directory.

Showcase your business like no other marketing can and Join the growing number of businesses that get more customers.
Learn more here



17483

RSS this page.
(Click for RSS instructions.)

Member of BC Press Council