Tuesday, March 31st9.6°C
25326
25263

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

25670


Recent Trending




Today's Market
S&P TSX14902.44-5.95
S&P CDNX680.07-0.26
DJIA17776.12-200.19
Nasdaq4900.88-46.56
S&P 5002067.89-18.35
CDN Dollar0.7880-0.0008
Gold1182.90-0.20
Oil47.73+0.13
Lumber275.30-2.90
Natural Gas2.643+0.003

 
Okanagan Companies
Pacific Safety0.125+0.010
Knighthawk0.010.00
QHR Technologies Inc1.48-0.02
Cantex0.03-0.01
Anavex Life Sciences0.211-0.004
Metalex Ventures0.04+0.00
Russel Metals24.04-0.36
Copper Mountain Mining1.16-0.02
Colorado Resources0.11-0.01
ReliaBrand Inc0.0036-0.0024
Sunrise Resources Ltd0.04-0.01
Mission Ready Services0.25+0.02
Decisive Dividend Corporation1.80+0.02

 



25670

FEATURED Property
22124785083 Twinflower Crescent
5 bedrooms 4 baths
$639,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Down payment

If you have less than 20% down payment, mortgage insurance is required through Canada Mortgage & Housing (CMHC), Genworth or Canada Guaranty. Homeowners no longer need the minimum 5% down payment ...


CRA Notice of Assessment

Many Canadians rush to file their taxes on time each year and don’t think about it until the next year. One of the most overlooked notices received from the CRA annually is the annual Notice of ...


Medical confidential?

If ICBC asks your doctor for your information you may wonder: Can ICBC ask my doctor for my medical information? Can ICBC request a medical report from my doctor without my consent? What is ICBC entit...

_



25482




Member of BC Press Council


25534