subsidy

Thursday October 13, 2016

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator Ð Thursday October 13, 2016 Federal Liberals signal desire for Ômeaningful investmentÕ in Bombardier The federal government investing in aerospace giant Bombardier is not a matter of if but how, Innovation Minister Navdeep Bains said Tuesday. ÒWe want to be a partner,Ó Bains said after announcing up to $54 million in funds for a Bombardier-led aerospace-research consortium. ÒWe want to find a solution and we want to continue to make meaningful investments. We want to be a partner, we are at the table, we want to find a solution. ItÕs not a matter of if but how we want to make the investment.Ó His comments are the clearest the Liberals have been to date regarding whether theyÕll accept the Montreal-based companyÕs request for $1 billion in federal funding. In early September, Bombardier (TSX:BBD.B) received the second of two instalments of US$500 million from the Quebec government. Quebec now owns 49.5 per cent of a new limited partnership of the CSeries aircraft program, including larger versions of the plane beyond the CS100 and CS300 should they be developed. Bains wouldnÕt give details as to exactly how much Ottawa will invest or where the money will be targeted. He did reiterate the conditions his government will place on any future funding. Ottawa wants Bombardier to keep its head office and the jobs connected to its research and development activities in the country, he said. (Source: Financial Post) http://business.financialpost.com/news/transportation/federal-liberals-signal-desire-to-invest-in-bombardier-but-dont-indicate-dollar-amount Canada, Ottawa, Parliament, Bombardier, aerospace, subsidy, corporate, welfare, Quebec, pipeline, Justin Trudeau, Navdeep Bains, philippe couillard

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Thursday October 13, 2016

Federal Liberals signal desire for ‘meaningful investment’ in Bombardier

The federal government investing in aerospace giant Bombardier is not a matter of if but how, Innovation Minister Navdeep Bains said Tuesday.

“We want to be a partner,” Bains said after announcing up to $54 million in funds for a Bombardier-led aerospace-research consortium.

“We want to find a solution and we want to continue to make meaningful investments. We want to be a partner, we are at the table, we want to find a solution. It’s not a matter of if but how we want to make the investment.”

His comments are the clearest the Liberals have been to date regarding whether they’ll accept the Montreal-based company’s request for $1 billion in federal funding.

In early September, Bombardier (TSX:BBD.B) received the second of two instalments of US$500 million from the Quebec government.

Quebec now owns 49.5 per cent of a new limited partnership of the CSeries aircraft program, including larger versions of the plane beyond the CS100 and CS300 should they be developed.

Bains wouldn’t give details as to exactly how much Ottawa will invest or where the money will be targeted.

He did reiterate the conditions his government will place on any future funding.

Ottawa wants Bombardier to keep its head office and the jobs connected to its research and development activities in the country, he said. (Source: Financial Post)

Published in the Leader-Post (Regina, Sask)

Published in the Leader-Post (Regina, Sask)

Thursday September 15, 2016

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator Ð Thursday September 15, 2016 Canada Post needs 'transformational changes' to be viable, task force finds A task force studying the national mail carrier says Canada Post isn't financially self-sustainable under its current structure. And it says transformational changes are needed to prevent taxpayers from having to prop it up. The four-member panel issued a discussion paper Monday that suggests a number of ways the letter carrier can turn its business model around, including distributing legalized marijuana and cutting back on door-to-door delivery in favour of community mailboxes Ñ an initiative launched by the Conservative government in 2013 but scrapped by the current Liberal government. The report also suggested charging fees to those who opt to have mail delivered directly to their door.ÊÊ A House of Commons committee has scheduled cross-country hearings this month to hear Canadians' views of what they want from the postal service. The ideas contained in the discussion paper are meant as a launching pad for those public consultations. The task force says a significant decline in letter mail deliveries is sapping revenues at Canada Post, a loss that has yet to be made up from its growing parcel and ad mail businesses. Canada Post applauded the task force findings, saying it reaffirms the challenges faced by the Crown corporation. (Source: CBC News) http://www.cbc.ca/news/business/canada-post-task-force-report-1.3759321 Canada, Parliament, dinosaur, Canada post, relic, debt, propped up, subsidy, debt

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Thursday September 15, 2016

Canada Post needs ‘transformational changes’ to be viable, task force finds

A task force studying the national mail carrier says Canada Post isn’t financially self-sustainable under its current structure.

Thursday, December 12, 2013And it says transformational changes are needed to prevent taxpayers from having to prop it up.

The four-member panel issued a discussion paper Monday that suggests a number of ways the letter carrier can turn its business model around, including distributing legalized marijuana and cutting back on door-to-door delivery in favour of community mailboxes — an initiative launched by the Conservative government in 2013 but scrapped by the current Liberal government.

The report also suggested charging fees to those who opt to have mail delivered directly to their door.

A House of Commons committee has scheduled cross-country hearings this month to hear Canadians’ views of what they want from the postal service. The ideas contained in the discussion paper are meant as a launching pad for those public consultations.

The task force says a significant decline in letter mail deliveries is sapping revenues at Canada Post, a loss that has yet to be made up from its growing parcel and ad mail businesses.

Canada Post applauded the task force findings, saying it reaffirms the challenges faced by the Crown corporation. (Source: CBC News)

 

Thursday May 26, 2011

By Graeme MacKay, The Hamilton Spectator - Thursday May 26, 2011 Budget will phase out political subsidies The government will table its post-election budget on June 6, a document that will implement the Conservatives' promise to phase out political subsidies. Finance Minister Jim Flaherty made the announcement Wednesday morning on Parliament Hill. "On Monday, June 6 our government will reintroduce the next phase of Canada's economic action plan, a low tax plan for jobs and growth," Flaherty said. The document will include several updates to reflect election promises, but Flaherty said the budget will be almost identical to the document that was unveiled prior to the election. The original budget died when the election writ was dropped, and never went to a vote in the House of Commons. Among the changes: the budget will make good on a Conservative election promise to end political subsidies. "We will include phasing out the per-vote political party subsidy as according to what was set out in the platform...which was a phasing out," Flaherty said when asked by CTV's Ottawa Bureau Chief Robert Fife. The budget will also set aside $2.2 billion to fund an agreement the government hopes to reach with Quebec to create a Harmonized Sales Tax. With the Conservatives' new majority government status, there is little doubt the budget will pass. New Democrat Leader Jack Layton lashed out over the elimination of the political party subsidies, suggesting the move was damaging to democracy (Source: CTV News) http://www.ctvnews.ca/budget-due-june-6-will-phase-out-political-subsidies-1.648866 Canada, Stephen Harper, Elizabeth May, Jack Layton, party, subsidy, political, money, tree, majority, chainsaw

By Graeme MacKay, The Hamilton Spectator – Thursday May 26, 2011

Budget will phase out political subsidies

The government will table its post-election budget on June 6, a document that will implement the Conservatives’ promise to phase out political subsidies.

Finance Minister Jim Flaherty made the announcement Wednesday morning on Parliament Hill.

“On Monday, June 6 our government will reintroduce the next phase of Canada’s economic action plan, a low tax plan for jobs and growth,” Flaherty said.

The document will include several updates to reflect election promises, but Flaherty said the budget will be almost identical to the document that was unveiled prior to the election. The original budget died when the election writ was dropped, and never went to a vote in the House of Commons.

Among the changes: the budget will make good on a Conservative election promise to end political subsidies.

“We will include phasing out the per-vote political party subsidy as according to what was set out in the platform…which was a phasing out,” Flaherty said when asked by CTV’s Ottawa Bureau Chief Robert Fife.

The budget will also set aside $2.2 billion to fund an agreement the government hopes to reach with Quebec to create a Harmonized Sales Tax.

With the Conservatives’ new majority government status, there is little doubt the budget will pass.

New Democrat Leader Jack Layton lashed out over the elimination of the political party subsidies, suggesting the move was damaging to democracy (Source: CTV News) http://www.ctvnews.ca/budget-due-june-6-will-phase-out-political-subsidies-1.648866