•   
  •   
  •   

Canada Fiscal stabilization reforms to be a focus of Freeland-premiers meeting: Moe

18:30  01 december  2019
18:30  01 december  2019 Source:   globalnews.ca

Kenney to seek 'common ground' as poll finds Quebecers most OK with Alberta separation

  Kenney to seek 'common ground' as poll finds Quebecers most OK with Alberta separation After a poll that found Quebecers would feel the most pleased to see Alberta separate from Canada, Premier Jason Kenney said Friday the two provinces have more in common than some may think. "We are friends of Quebec," Kenney told reporters. "We are traditional allies of Quebec. We are allies in defending provincial jurisdiction."His comments Friday came in response to a question about an Abacus Data poll released earlier in the week that found "substantial majorities" of Canadians in every province — except Quebec — would be "unhappy" or "very unhappy" to see Alberta separate from Canada.

These challenges call for urgent reforms . It cannot be business as usual. Bold decisions need to be taken on the reforms front in order to stimulate growth 11. In his State of the Nation Address during the opening of the Seventh Parliament, the President emphasised the need to restore fiscal equilibrium.

Saskatchewan Premier Scott Moe says an upcoming sit-down of Canada's premiers is an important chance to send a message to a prime minister dealing with regional divisions. Hosted by CTV's Don Martin, Power Play is a must for political insiders.

Chrystia Freeland in a suit and tie standing in a room: Deputy Prime Minister Chrystia Freeland meets with Saskatchewan Premier Scott Moe at the legislative building, in Regina, Tuesday, Nov. 26, 2019. THE CANADIAN PRESS/Shawn Fulton Deputy Prime Minister Chrystia Freeland meets with Saskatchewan Premier Scott Moe at the legislative building, in Regina, Tuesday, Nov. 26, 2019. THE CANADIAN PRESS/Shawn Fulton

Saskatchewan Premier Scott Moe says potential reforms to the fiscal stabilization program will be a likely focus of the upcoming meeting between provincial leaders and the federal government.

Premiers are set to met in Toronto for two days beginning on Monday with Deputy Prime Minister and Intergovernmental Affairs Minister Chrystia Freeland.

Those talks will come after an election in October that rubbed raw, deep regional divisions and which prompted Prime Minister Justin Trudeau to formally task Freeland with addressing national unity, among other issues.

Freeland in Alberta to meet with Kenney, Iveson in first trip since being named deputy PM

  Freeland in Alberta to meet with Kenney, Iveson in first trip since being named deputy PM The trip is Freeland's first since being named deputy prime minister tasked with national unity last week.Freeland, formerly the minister of foreign affairs, was promoted in last week's cabinet shuffle and named both deputy prime minister and minister of intergovernmental affairs in what has been billed as an effort by the government to put its focus on addressing deep regional divisions.

Premier never stopped working on our behalf." Hugh Pollard President, Federation of Exchange (12/13) Monica Mobley, CMP, Managing Director of Premier Meetings by Fernley, contributed to an article The article focuses on the "art" of trade show management and includes key elements for a

Expansionary Fiscal Policies. The business cycle brings periods of robust growth and economic expansion, followed by recessions during which the economy contracts. The role of the government is to cool the economy during the expansions and stimulate it during the contractions.

READ MORE: Scott Moe identifies 3 areas consensus can be achieved at COF table

In an interview with The West Block's Mercedes Stephenson, Moe said the premiers reached out to him as head of the Council of the Federation asking for an opportunity to seek consensus and unity “in light of the divisions that manifested themselves across this nation on election night.”

“The priorities will be, are there a few items where the premiers can come to consensus on?” Moe said, pointing to both interest among some provinces in reforms to equalization, which could prove contentious, and reforms to the fiscal stabilization program, where unity may be more achievable.

“Equalization is a very divisive conversation at times across this nation."

Premiers need to quit picking fights and focus on Canadians: Ball

  Premiers need to quit picking fights and focus on Canadians: Ball Premiers need to quit picking fights and focus on Canadians: BallPremier Dwight Ball was the latest in a series of provincial leaders to cycle through meetings with Prime Minister Justin Trudeau following last month's election, but their conversation Tuesday also comes ahead of next week's gathering of the Council of the Federation.

What if we focused on prevention, rather than treatment? What if our goal were to put ourselves out of business? That’s where more of our health care tax dollars That’s because Americans generally don’t feel that health is an individual responsibility or that behavior modification is a way to prevent disease.

The Domestic Price Inflation taken as a proxy for price stabilization policy and the output stabilization function. These two equations were estimated and The effects of Money Supply factors on inflation in Nigeria appear dominant, while the role of Fiscal Deficit is pervasive. Also the study confirmed that

"It’s a program many feel is not fair to all provinces in this nation but it’s also a program many provinces do rely on in this nation. So it’s been around for some time but likely would take some time to alter or change," he said.

“The fiscal stabilization program, on the other hand, there’s an opportunity there to address a program that was designed to be very reactive and when you look at the lack of investment in that program over the last decade or so, it has proved to not be that reactive," Moe continued.

"So it is a program that definitely should be looked at and we’re going to have some very good discussions about fiscal stabilization.”

READ MORE: ‘It’s extremely important government works for all Canadians,' says Trudeau on Western alienation

The fiscal stabilization program is a vehicle through which the federal government can provide aid to provinces suffering an economic downturn.

Council consensus: what premiers are hoping for out of Monday's meeting

  Council consensus: what premiers are hoping for out of Monday's meeting OTTAWA — Premiers of all the provinces and territories gather Monday in Toronto to try to shape a collective agenda for their relationship with the federal government, after an election that left the nation in a partisan patchwork. Many of the leaders have had their own meetings since the October vote resulted in a Liberal minority government that has no Prairie MPs, plus a resurgent Bloc Quebecois. Some have also met individually with Prime Minister Justin Trudeau.

Fiscal expansionary policy is usually associated with government deficits, but a government does not have to necessarily run a deficit to engage in fiscal expansion. It simply has to spend more or tax less than it did previously; either approach frees up money in the economy.

I met my contact, who brought me to a meeting room with two of his co-workers and his boss. Following our introductions, the boss asked me about Even if you determine that a meeting is really necessary, does it have to be in person? Consider a telephone or video conference call, which can

The website for the program states its purpose as being to help provinces hit with a "year-over-year decline in its non-resource revenues greater than 5 per cent."

But it is not designed to be used as a way to receive compensation for declines in resource revenues, something Alberta has been experiencing since the drop in the price of oil in 2014 hit the energy industry there.

There are two existing constraints on when a province can qualify for the program: the economic decline can't be attributable to "provincial decisions to reduce taxes; policy changes made by the province in the rate or in the structure of provincial taxes are factored out when measuring revenue declines."

And revenue resource declines are only taken into consideration when the annual decline is more than 50 per cent.

Alberta has received money through the fiscal stabilization program -- but the problem raised by critics is, it hasn't received enough.

Payments are capped at just $60 per person. So when Alberta government revenues dropped by about $7 billion in the 2015-2016 fiscal year, it got $250 million through the fiscal stabilization program.

Premiers meet on Doug Ford's turf to push Ottawa to send more money to the provinces

  Premiers meet on Doug Ford's turf to push Ottawa to send more money to the provinces The leaders of the country's provinces and territories will gather in Ontario Premier Doug Ford's backyard today as they look to craft a policy agenda they hope will be palatable to the minority Liberal government in Ottawa. While many of the premiers have met one on one with Prime Minister Justin Trudeau since the Oct. 21 vote, the Toronto-area meeting is the first time all the premiers will meet as a group since voters returned Trudeau to Ottawa with a second mandate.

Automatic stabilizers are widely seen to play a key role in providing income insurance for households and hence in stabilizing demand and output. While it is clear that balanced budgets need to be achieved in the medium-run, it is important to take into account the impact of reforms on automatic

Fiscal policy boils down to stabilizing the economy in the short term, growing it in the long term, allocating funds wisely and keeping employment up. One of the big functions of fiscal policy is to stabilize the economy on a year-by-year or period-by-period basis.

READ MORE: Kenney calls for Alberta economic support, end to CN Rail strike during Freeland meeting

Alberta Premier Jason Kenney wants the cap removed so that Alberta can apply for a greater amount of money, and the federal Liberals have signaled they are open to all options when it comes to talks about things like equalization.

Moe said he wants to see the talks focused on whether both programs are really doing what they are designed to do with the goal that progress can be made on setting priorities that will help heal some of the divisions exposed in the election.

“We have some divisions -- deep divisions -- across this country and those were very evident with the results on election night," he said.

"This meeting is to discuss  ... can we come to a consensus on a few items to provide, as I said, not only guidance for this minority administration that we have governing this nation now, but also to provide the assurance to all Canadians that although we have a number of things we do not agree on, there are a number of things we do agree on and we’re going to move forward on those.”

Next few weeks a test for Alberta-Ottawa relations, Jason Kenney says .
OTTAWA — Alberta Premier Jason Kenney left a meeting with Prime Minister Justin Trudeau Tuesday with no firm commitments on the five demands he put on the table but with an air of accomplishment nonetheless, saying he felt their long-awaited face-to-face meeting was frank and realistic. Kenney said the next few weeks will be a critical time for Trudeau to prove the Liberals are serious about addressing critical issues for the province. NextKenney said the next few weeks will be a critical time for Trudeau to prove the Liberals are serious about addressing critical issues for the province.

—   Share news in the SOC. Networks

Topical videos:

usr: 0
This is interesting!