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Saturday February 8, 2020

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Saturday February 8, 2020

As Trudeau campaigns in Africa for UN Security Council seat, Norwegian PM is steps behind

Nearly everywhere Justin Trudeau goes in Addis Ababa, it seems Norway’s prime minister isn’t far behind.

September 21, 2016

On Saturday, Norwegian Prime Minister Erna Solberg arrived to an African Union meeting on gender equality just minutes after Trudeau did. Then, she followed in Trudeau’s footsteps, strolling through Unity Park with the Ethiopian prime minister. And as Trudeau was leaving Jubilee Palace from his meeting with the Ethiopian president, Solberg’s staffers were in the building preparing for her imminent arrival.

It’s no coincidence. The two leaders are both in Africa to win support from world leaders for a UN Security Council seat they both want to win. And Norway’s prime minister is suggesting that when it comes to that campaign, it may be Canada who is trailing behind.

“I think one of the differences, of course, is we have been on the steady same path for a very long time, so [African leaders] know us,” Solberg told Canadian reporters.

Take, for example, the African Union meeting. Trudeau made history on this trip by being the first Canadian prime minister to attend an African Union session. But Solberg was also here last year.

January 13, 2018

The African Union is a rich source of potential votes for any country looking to win a Security Council seat. It has 54 voting members at the United Nations, roughly a quarter of the total votes.

Speaking to Canadian reporters, the Norwegian leader said she didn’t want to emphasize competition between the two countries, noting they take the same approach to many issues. But she suggested Norway was perhaps more deeply engaged.

“Canada is a bigger economy, a larger country, of course, but on the other hand we are using more in development aid. We have used more support for the international policies as part of our GDP.”

In 2018, Norway spent nearly one per cent of its gross national income on international assistance. For Canada, the figure was 0.28 per cent, according to OECD figures.

October 13, 2010

Norway, Ireland and Canada are all gunning for one of the two limited-term UN Security Council seats that open up next year.

Ireland too, has been plotting a course of engagement with Africa for years. It launched its “Africa Strategy” in 2011.

While all countries see the seat as something of a prize that would allow their countries to play an influential role in world affairs, Solberg said the seat is also something of a burden.

“It’s an obligation that you have as supporters of multi-lateralism, as a supporter of rule of law. “

“You have to take the burden of sitting on the Security Council, because it’s also a burden. You have to take a stand on some policy decisions that as a non-member you don’t have to do.” (CBC) 

 

Friday April 27, 2012

By Graeme MacKay, The Hamilton Spectator, Friday April 27, 2012

Moody’s debt-rating downgrade sour news for Ontario

A community group pushing the city to take another look at its ward boundaries has successfully collected the 500 Just two days after the McGuinty Liberals’ first minority government budget passed a crucial vote, one of the world’s major credit rating agencies downgraded Ontario, citing the province’s swollen debt burden and tough economic times ahead.

Moody’s Investors Service’s decision Thursday to downgrade Ontario followed a stern warning and dimmer outlook issued one day earlier from Standard & Poor, another influential credit rating agency.

Finance Minister Dwight Duncan acknowledged that the move by Moody’s was serious but he also attempted to play down the sour financial news. Moody’s downgrade could make Ontario’s government bonds less attractive to investors and could also make it more expensive to borrow money at a time when the province’s debt is mounting.

Progressive Conservative finance critic Peter Shurman suggested the rating drop was “catastrophic for Ontario,” but Mr. Duncan said he expects the effect will be minimal.

“We’re still in the top echelons of credit ratings,” Mr. Duncan noted. “It [the downgrade] reminds us that it’s important that we continue to meet our targets or we risk paying more money to bond holders instead of for schools and for health care.”

Moody’s downgrade of the province’s debt rating to Aa2 with a stable outlook from Aa1 with a negative outlook brings the agency’s score more in line with S&P and DBRS, which both downgraded Ontario by one notch in the fall of 2009. DBRS, which also weighed in Thursday on Ontario’s fiscal state, decided to maintain its “stable” outlook on its debt rating for Canada’s largest province, saying the government’s increased focus on controlling spending was “an encouraging step in the right direction.” (Source: Globe & Mail)