•   
  •   
  •   

Canada Canada can handle NAFTA turmoil: Morneau

02:22  07 march  2018
02:22  07 march  2018 Source:   msn.com

Amid economic uncertainty, Morneau plays it safe with the 2018 budget

  Amid economic uncertainty, Morneau plays it safe with the 2018 budget The economy shows healthy growth and unemployment is at multi-decade lows, but NAFTA, U.S. tax cuts, and housing are all wild cards in the 2018 budgetRY

Canada well-positioned to handle NAFTA turmoil : Morneau - www.cbc.ca. The government's latest budget included measures to expand trade around the world, particularly in Asia, and the financial plan is fiscally responsible, which means Canada can hold out for a better deal on NAFTA

Canada well-positioned to handle NAFTA turmoil : Morneau - www.cbc.ca. The government's latest budget included measures to expand trade around the world, particularly in Asia, and the financial plan is fiscally responsible, which means Canada can hold out for a better deal on NAFTA

VANCOUVER - A strong economy is allowing Canadian officials to push for a better deal in negotiations on the North American Free Trade Agreement, Finance Minister Bill Morneau said Tuesday.

Talks on the deal are "critically important" but Canada will remain firm in getting the best possible agreement, he told the Business Council of British Columbia.

"Are there challenges? Yes. Do we need to be prepared to deal with them? Yes. We think that having our economy in the best possible position is the place from which we can do that, make decisions in a measured way, considering all the facts at hand," he said.

The government's latest budget included measures to expand trade around the world, particularly in Asia, and the financial plan is fiscally responsible, which means Canada can hold out for a better deal on NAFTA, Morneau said.

Bill Morneau’s budget sets off the longest election campaign

  Bill Morneau’s budget sets off the longest election campaign Thanks to Canada’s fixed election schedule, we know the next federal election will be held on Oct. 21, 2019 – a shade less than 20 months from now.And thanks to Finance Minister Bill Morneau’s third budget, we know the campaign leading up to the vote will be exactly that long – and we even have a pretty good idea of what it will be fought over.It effectively started on Tuesday when the Liberal government, through Morneau’s budget, made clear that far from trimming its sails mid-mandate, it intends to tack firmly to the left for the foreseeable future.

Canada well-positioned to handle NAFTA turmoil : Morneau . Last week, the Trump administration announced it would use section 232 of the Trade Expansion Act of 1962 to impose tariffs on steel and aluminum imports on the argument that they threaten U.S. national security.

A strong economy is allowing Canadian officials to push for a better deal in negotiations on the North American Free Trade Agreement , Finance Minister Bill Morneau said Tuesday. Morneau on NAFTA talks 0:46. Challenges to the economy come from within Canada , too, Morneau said, citing

"We are going to continue to put forth why we don't agree with some ideas that were put forth on the table by the United States. We've been pretty firm in that approach. We think that Canadians support us, that getting to a better deal is the way we should address this."

Ottawa is taking a similar approach to possible U.S. plans for tariffs on steel and aluminum imports, arguing Canada should be exempt from them, Morneau said, adding the tariff issue shouldn't be linked to the free trade deal, as President Donald Trump suggested Monday.

"From our perspective, the way to deal with a partner, to deal with our neighbour, is to be constructive," Morneau said later after an event at the University of British Columbia. "We're going to continue to be strong allies of the United States, we're going to continue to be neighbours. And we're taking that as our frame to negotiate for better outcomes."

Finance Minister faces accusations of conflict-of interest over pharmacare

  Finance Minister faces accusations of conflict-of interest over pharmacare Finance Minister faces accusations of conflict-of interest over pharmacare OTTAWA—Finance Minister Bill Morneau is again fending off accusations he is in a “perceived conflict of interest” on a politically sensitive file — the newly-promised national pharmacare program — because of his previous ties to Morneau Shepell, a pension and benefits consulting firm.After first winning plaudits for Tuesday’s budget announcement that the Liberal government is looking to chart the next steps towards a national drug coverage program, Morneau dialed back expectations on Wednesday.

Canada well-positioned to handle NAFTA turmoil : Morneau . Last week, the Trump administration announced it would use section 232 of the Trade Expansion Act of 1962 to impose tariffs on steel and aluminum imports on the argument that they threaten U.S. national security.

Canada well-positioned to handle NAFTA turmoil : Morneau - www.cbc.ca. The government's latest budget included measures to expand trade around the world, particularly in Asia, and the financial plan is fiscally responsible, which means Canada can hold out for a better deal on NAFTA , Morneau

Challenges to the economy come from within Canada, too, he said, including the ongoing battle over the future of Kinder Morgan's Trans Mountain pipeline expansion between the Edmonton area and Metro Vancouver.

"I'll acknowledge that the current challenge between B.C. and Alberta is one of those frustrating things that happen in a democracy, but we need to deal with it," he said.

The skirmish began when B.C. proposed limits on shipments of diluted bitumen, a move that Alberta said would effectively kill the $7.4-billion project. Alberta retaliated by banning imports of B.C. wine, but called off the boycott when Premier John Horgan announced B.C. would ask the courts to decide whether it has the authority to bring in the restrictions.

Morneau said the battle is unlikely to sway foreign businesses looking to invest in Canada.

"As international investors look to Canada, I think they see positives. Democracy is a positive, which sometimes presents some messy aspects. That's positive," he said.

New $10 bill starring Nova Scotian will debut in Halifax next week

  New $10 bill starring Nova Scotian will debut in Halifax next week New $10 bill starring Nova Scotian will debut in Halifax next weekThe banknote will be unveiled Thursday at the Halifax Central Library by federal Finance Minister Bill Morneau and Bank of Canada governor Stephen Poloz.

Canada to stand up to U.S. on NAFTA , says PM : Canada can handle NAFTA turmoil : Morneau VANCOUVER - A strong economy is allowing Canad VANCOUVER - A strong economy is allowing Canadian officials to push for a better deal in negotiations on the North American Free Trade

Canada to stand up to U.S. on NAFTA , says PM : Canada can handle NAFTA turmoil : Morneau VANCOUVER - A strong economy is Trudeau emphasized how the level of integration between the American and Canadian steel industries means both economies would suffer from trade restrictions.

a man standing in front of a computer© Provided by thecanadianpress.com

He said the federal government is overhauling the approval process for similar projects. The changes are aimed at giving potential interveners an opportunity to voice their views as early as possible and implementing timelines that will give businesses certainty.

"What we can say is that the previous process wasn't working," Morneau said.

(Companies in this story: TSX:KML)

Canada to stand up to U.S. on NAFTA, says PM .
Canada to stand up to U.S. on NAFTA, says PMThe prime minister made the comment Wednesday while greeting steelworkers during an early-morning shift change outside a plant in Sault Ste. Marie, Ont., part of a three-day meet-and-greet tour of communities where steel and aluminum manufacturing are major employers.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!