Friday, August 28th17.5°C
27271
26819

Feds tinkering with system has business nervous

OTTAWA - The federal government is once again making the business community nervous, this time by floating a so-called wage floor as it ponders measures to tackle the troubled temporary foreign worker program.

Here is a list of some other cases where the government rocked the economic boat.

— In October 2006, Finance Minister Jim Flaherty shocked markets by going back on a campaign promise and slapping a tax on income trusts that remains a sore point with investors today.

— After four moves to cool the hot housing market, Flaherty personally intervened last spring to make sure fixed mortgage rates did not sink too low, chiding the Bank of Montreal over its decision to drop the five-year fixed rate to 2.99 per cent.

— In 2010, the government intervened to prevent the sale of Potash Corp. to Australian interests and enacted new rules to prevent state-owned enterprises from acquiring majority stakes in the oilpatch, a move believed to be aimed at China.

— Ottawa has repeatedly interfered in the telecommunications sector, making it known it would not welcome the purchase of new players by one of the Big Three telecom companies.

— In this year's budget, the government announced it would cap what those telecommunications companies could charge new entrants for their wholesale services.

— The Tories have also pledged to introduce legislation to crack down on multinational companies that charge Canadian customers more than Americans on everything from books to clothing and appliances.

The Canadian Press


Read more Business News

27314


Recent Trending




Today's Market
S&P TSX13865.07+98.40
S&P CDNX555.67+10.10
DJIA16643.01-11.76
Nasdaq4828.32+15.62
S&P 5001988.87+1.21
CDN Dollar0.75730.00
Gold1119.50-5.10
Oil45.26+2.70
Lumber237.20-9.70
Natural Gas2.719+0.055

 
Okanagan Companies
Pacific Safety0.165+0.005
Knighthawk0.010.00
QHR Technologies Inc1.29+0.05
Cantex0.04-0.01
Anavex Life Sciences1.34-0.05
Metalex Ventures0.055+0.000
Russel Metals21.41+0.43
Copper Mountain Mining0.64-0.01
Colorado Resources0.075-0.005
ReliaBrand Inc0.004-0.000
Sunrise Resources Ltd0.025+0.005
Mission Ready Services0.07+0.01
Decisive Dividend Corp2.75+0.14

 



27314

FEATURED Property
23469522630 Lakeview Road
3 bedrooms 3 baths
$775,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Agree to ask questions

Photo: Thinkstock.comThe STORY: I think, said Janet to herself, that I just figured out a solution to my problem of letting the prospect run the meeting.With that thought in mind, she got out of her c...


Your business is not a bank

Photo: Thinkstock.comYour plumbing business is not a bank. But when you are giving terms to customers that exceed what you get from your suppliers, you become one. And every time that someone does not...


Begin with the end in mind

Photo: ContributedWe humans love our dates: birthdays, anniversaries, 9/11, the Ides of March - our lives are intimately woven within the tapestry of the calendar. So it should come as no surprise whe...

_



26509

27313


Member of BC Press Council


26707