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Thursday April 9, 2020

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Thursday April 9, 2020

Why we should all be wearing masks — and how our public health authorities got it wrong

Coronavirus cartoons

For months, as the COVID-19 crisis escalated and Canadians and Americans watched people across Asia increasingly wearing masks in public spaces, our health authorities stuck to their long-held policies, strongly advising against this. 

That is, until Friday. That’s when the U.S. Centers for Disease Control reversed course, advising the public to use “cloth face coverings” to help slow the spread of COVID-19. They may have preferred to make this a quiet change on their website, but a characteristically bombastic press conference (and victory lap) by Donald Trump ensured that there was no saving face (no pun intended). 

The Public Health Agency of Canada made the same policy change Monday, and I suspect that the World Health Organization will not be far behind. And with these reversals come an eroding in public trust in the very organizations we need people to trust the most, at the very moment when our collective survival most depends on that trust.

So what went wrong? (continued: Toronto Star) 

 

Tuesday July 17, 2018

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Tuesday July 17, 2018

Premiers’ much-hyped internal trade deal hasn’t amounted to much

June 28, 2018

On the day they released the Canadian Free Trade Agreement in 2017, all the provincial and territorial trade ministers were given a symbolic pair of golden scissors to remind them to start cutting interprovincial trade barriers.

The trouble is, they aren’t using them.

The scissors were gifts from the Canadian Federation of Independent Business, a relentless advocacy group for whom harmonizing — and ideally, cutting — government regulations is a mantra.

Its president and CEO, Dan Kelly, said he’s seen his snippy trophies proudly displayed in ministers’ offices across Canada. But one year after the trade deal took effect on Canada’s 150th birthday, July 1, 2017, has any tangible progress been made?

Well …

August 5, 2010

“It’s slow-going,” he said. The process lacks concrete timelines. He’s still waiting for the interprovincial trade committee to set priorities, let alone roll back barriers.

“I don’t think there’s anything that has changed, other than a commitment to start some work,” he said, laughing a bit when asked to identify which specific irritants have been settled between provinces in the deal’s first year of operations.

It’s easier to point to reasons things stalled.

There’s the pipeline debate in British Columbia and Alberta’s threat to retaliate, for starters, which risks “undermining the whole spirit of this agreement,” Kelly said. (Saskatchewan, another energy exporter, jumped into this fight too.)

It’s also hard to maintain momentum across 13 governments. During its time as chair of Canada’s internal trade committee, Ontario’s Liberal government (and specifically minister Brad Duguid) was a driving force in finalizing CFTA, which was announced at the premiers conference in Yukon in 2016 but not actually unveiled until the following spring in Toronto.

The chair has changed hands twice since then. First it swung to New Brunswick — home of the much-discussed Comeau case, in which that province’s right to stop its citizens from stocking their personal beer fridges across a provincial boundary was upheld by the Supreme Court. Now it’s Quebec’s turn.

Ontario’s recent change of government also delayed the distribution of a working group report on alcoholic beverages that was due by July 1 (more on that later). (Continued: CBC) 

 

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Friday December 8, 2017

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Friday December 8, 2017

Trudeau hails ‘substantial progress’ in China but fails to spark formal trade talks

If little else came of Prime Minister Justin Trudeau’s trade mission to China this week, you can at least be sure of this: Canada’s cattlemen are excited to sell more cow stomachs.

December 5, 2017

For while Trudeau and his coterie of ministers and officials left the country Thursday without proclaiming the anticipated launch of trade talks, there were a few comparative baby steps towards a deeper economic relationship.

Among them was a deal to export more beef and pork, which got John Masswohl of the Canadian Cattlemen’s Association pumped about cashing in on parts of the animal that don’t sell in Canada — including the digestive organs of his bovine commodity.

“We think over the next five years that will be another $125 million in exports for us,” Masswohl said this week, referring not just to the stomachs, but the fresh beef and T-bones he now expects to hit the massive Chinese market.

December 5, 2017

He hastened to add, however, that the government’s broader goal of landing a comprehensive trade deal with the world’s second-largest economy would be even better — for profits, for predictability, for safeguarding against the protectionist impulses of the American president.

Of course, he’s not alone in feeling that way.

Trudeau himself spent much of his time in China extolling the virtues of a trade agreement. In the days before he landed in Beijing, staff from his office framed the trip’s main purpose as a way to ramp up trade and investment with the ever-rising authoritarian powerhouse, and Canada’s industry minister told Global News that the government’s “objective” was to become the first Group of Seven country to launch free trade talks with China. (Continued: Toronto Star) 

 

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Thursday September 28, 2017

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Thursday September 28, 2017

Bombardier hit with 219% duty on sale of jets to Delta Air Lines

OTTAWA—Bombardier’s hopes for breaking into the U.S. commercial aviation market took a massive blow on Tuesday, as the U.S. Department of Commerce proposed a hefty 219 per cent duty on its CSeries jets.

April 4, 2017

The department ruled in a preliminary decision that Bombardier benefited from improper government subsidies, which gave the Montreal-based company an unfair advantage when selling south of the border.

The investigation was sparked by a complaint from U.S. aerospace giant Boeing, after Bombardier secured a deal for up to 125 of its CS100s with Delta Air Lines in April 2016.

The list price for the planes is around $6 billion, but the actual amount of money involved in the deal has not been made public and Boeing alleges Bombardier offered them for much less.

October 13, 2016

The financial penalties aren’t officially due until Bombardier delivers the first CS100 to Delta, which is expected in the spring. They could also still be dropped or refunded.

The key will be whether the U.S. International Trade Commissions finds that Bombardier-Delta deal actually hurt Boeing’s business, a decision that’s not expected until the spring. (Source: Toronto Star) 

 

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Thursday January, 14, 2016

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator Ð Thursday January, 14, 2016 Canadian dollar will drop to 59 cents US in 2016, Macquarie forecasts A day after the loonie slipped below the 70-cent US level for the first time since 2003, a forecaster at investment bank Macquarie says he expects the loonie to lose another 10 cents to reach an all-time low of 59 cents by the end of 2016. David Doyle of Macquarie Capital Markets Canada Ltd. lowered his Canadian dollar forecast to 59 cents US on Tuesday. That would eclipse the all-time low for the loonie, set on Jan. 21, 2002, at 61.79 cents US. Doyle knows of what he speaks. Last February, when the Canadian dollar was valued at just over 80 cents, he Ñ correctly, as it turns out Ñ predicted the loonie would hit 69 cents US at some point in the next 12 months. It did so Tuesday. "Once [the loonie] reaches this level," Doyle said, "it should remain subdued through [the end of] 2018 and potentially even longer." Doyle's new forecast doesn't see the loonie above 65 cents US at any time between the end of 2016 and the two years that follow. The loonie has been whipsawed of late by oil and the U.S. dollar. Oil prices can't find a bottom, with a barrel of the North America crude oil benchmark dipping below $30 a barrel for the first time in 13 years on Tuesday. That's dragging the loonie down with it, as Canada's dollar is widely considered to be a play on oil prices. But strength in the U.S. dollar is making the loonie look even worse. Economic uncertainty makes investors flock to assets perceived as safe, and for the most part none are perceived to be safer than the U.S. dollar. That drives up the greenback's value. So while the Canadian dollar is sliding lower compared to most currencies, it looks especially cheap compared to the U.S. buck. (Source: CBC News) http://www.cbc.ca/news/business/macquarie-loonie-forecast-1.3401644 Canada, USA, dollar, loonie, currency, George Washington, bridge, cross, borde

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Thursday January, 14, 2016

Canadian dollar will drop to 59 cents US in 2016, Macquarie forecasts

A day after the loonie slipped below the 70-cent US level for the first time since 2003, a forecaster at investment bank Macquarie says he expects the loonie to lose another 10 cents to reach an all-time low of 59 cents by the end of 2016.

Friday January 30, 2015David Doyle of Macquarie Capital Markets Canada Ltd. lowered his Canadian dollar forecast to 59 cents US on Tuesday. That would eclipse the all-time low for the loonie, set on Jan. 21, 2002, at 61.79 cents US.

Doyle knows of what he speaks. Last February, when the Canadian dollar was valued at just over 80 cents, he — correctly, as it turns out — predicted the loonie would hit 69 cents US at some point in the next 12 months.

It did so Tuesday.

“Once [the loonie] reaches this level,” Doyle said, “it should remain subdued through [the end of] 2018 and potentially even longer.”

Editorial Cartoon by Graeme MacKay, Editorial Cartoonist, The Hamilton Spectator - Thursday October 15, 2009 Big problems in higher dollar There is a certain giddiness attached to a soaring Canadian dollar, with visions of cheaper trips to Florida or New York for those who canÊafford to travel. There is also a degree of smugness about us doing better than the Americans in managing the economy. We should dismiss such thoughts, however. The fact is that a higher-valued dollar is a disaster for Ontario's economy, based as it is onÊexports of manufactured goods into the U.S. market. Canadian Manufacturers and Exporters (CME) estimates that, for every hike of oneÊcent in the value of our dollar, 25,000 factory jobs are lost. And since the beginning of this year, the loonie has gone up 15 cents. Partly this is attributable to our better fiscal situation, in comparison to the tax-averse Americans. (The U.S. deficit Ð a staggering $1.6Êtrillion this year Ð is "unsustainable," according to the Congressional Budget Office.) And partly it can be traced to rising prices forÊcommodities, particularly oil, for the loonie is now a "petro-dollar." For manufacturers, this is a double whammy: the higher dollar makes their products less competitive in the American market, and higherÊoil prices drive up their costs. "Canadian manufacturers are really caught between a rock and a hard place," says CME President Jayson Myers. Prime Minister StephenÊHarper notes the "difficult effects" on the economy. (Source: Toronto Star) Canada, Dollar, loonie, strength, strong, imports, exports, fish, skeleton, bones, economy

The good old days

Doyle’s new forecast doesn’t see the loonie above 65 cents US at any time between the end of 2016 and the two years that follow.

The loonie has been whipsawed of late by oil and the U.S. dollar. Oil prices can’t find a bottom, with a barrel of the North America crude oil benchmark dipping below $30 a barrel for the first time in 13 years on Tuesday. That’s dragging the loonie down with it, as Canada’s dollar is widely considered to be a play on oil prices.

June 17, 1998But strength in the U.S. dollar is making the loonie look even worse.

Economic uncertainty makes investors flock to assets perceived as safe, and for the most part none are perceived to be safer than the U.S. dollar. That drives up the greenback’s value. So while the Canadian dollar is sliding lower compared to most currencies, it looks especially cheap compared to the U.S. buck. (Source: CBC News)