Tuesday, November 25th3.9°C
23286
24165

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




Recent Trending




Today's Market
S&P TSX15054.44+39.03
S&P CDNX779.21-8.29
DJIA17832.1514.25
Nasdaq4758.532+3.641
S&P 5002068.37-1.04
CDN Dollar0.8885+0.0025
Gold1198.80+3.1001
Oil73.93-1.85
Lumber328.70-2.30
Natural Gas4.287+0.136

 
Okanagan Companies
Pacific Safety0.16-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.30+0.02
Cantex0.04+0.005
Anavex Life Sciences0.180.00
Metalex Ventures0.030.00
Russel Metals32.16+0.67
Copper Mountain Mining2.155-0.015
Colorado Resources0.125-0.005
ReliaBrand Inc0.0134-0.0001
Sunrise Resources Ltd0.045-0.005
Mission Ready Services0.33-0.035

 
23744




FEATURED Property
2136678SANDHAVEN1101 Cameron Avenue #40 a 55+ gated community
$419,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


The last great Canadian tax shelter

A guide to how flow-through fund limited partnerships can mightily aid your tax planning!The end of the year will raise concerns among many professionals, self-employed persons, business owners and ev...


What I learned in China: Part 2

As per my previous article on my visit to China, we have much to learn about and from their people. It is potentially the largest market on earth with 1.3 billion people in one country but much will d...


Retirement: Health Issues

Our health is really our greatest asset and maintaining our health is of tremendous importance. You want to do what you can to ensure that health issues will not jeopardize the enjoyment of your retir...

_



24207

24119


Member of BC Press Council


22632