This week applauses need to be extended to Prime Minister Stephen Harper and Rick Norlock, MP Northumberland-Quinte West.
Firstly, PM Harper has managed to forge a free trade deal with Colombia that will be effective next week. With Latin America one of the fastest growing regions in the world and the United States economic recovery in doubt, extending our free trade partners is crucial to securing Canada's economic future. Canada, an exporting nation, is dependent on the world consuming our goods. Harper and the Conservatives are ensuring our economic viability by selling our goods to more markets abroad.
Secondly, PM Harper has represented our national interests abroad by giving Minister Baird the order to deport Libyan diplomats in Canada. This is another positive move to isolate the Libyan government as illegitimate and bring democracy to the rebels.
Lastly, Rick Norlock, MP Northumberland-Quinte West deserves recognition for hosting mobile offices throughout the riding this month. These offices are setup in all areas of the riding so Rick and his team can hear the concerns, comments, and questions from all constituents. Rick has hosted the mobile offices before and is a part of Rick's summer agenda of meeting with the constituents that re-elected him in the 2011 election.
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Wednesday, August 10, 2011
Friday, August 5, 2011
Economic Turmoil...Try Free Trade
The US debt ceiling crisis may have been averted, regardless S&P intends to downgrade the US AAA rating meaning it will cost more to service the existing debt and to borrow more money. This combined with the massive plunge in the markets yesterday indicates investors are still worried about the US and EU debt crisis that are still looming.
More of a concern to Canada would be an American default as 78.9% (2008) of all exports are destined for America, making the American market vital to Canada, an exporting nation. The scare tactics are out that if or when America goes down, Canada will follow. What possibly can the Canadian government do to avoid economic turmoil with the source of the problem a foreign nation?
Interestingly enough, the government already created an economic insurance policy for Canada and continues to do so. Mainly and simply through signing and working on free trade deals with countries aboard. The Harper government has introduced free trade deals with Latin America countries which have some of the highest GDP growths in the world.
Additionally, the government is working on a free trade deal with the EU and "relations" that could include freer trade with China. In 2008 when talks with the EU and Canada began, EU officials stated that within the first year of a free trade deal a "minimum of $40 billion dollars per year" would be exchanged. Impressive seeing $440 billion dollars per year is traded with America alone.
Free or freer trade with China would be even more beneficial as Chinese growth is hungry for limited resources, all of which Canada has (coal, oil, lumber, etc). For the first time in history, Canada sold more lumber at a higher rate to the Chinese than to the Americans in the second quarter of 2011.
The Harper government was introducing proactive steps before the crisis in 2008 and 2011 hit, allowing Canada to weather the economic storm with relative ease. The old saying of not putting all your economic eggs in on economic trading partner's basket proves true.
Let’s make the market freer, allowing continued economic stability and growth for Canadian businesses and workers alike.
More of a concern to Canada would be an American default as 78.9% (2008) of all exports are destined for America, making the American market vital to Canada, an exporting nation. The scare tactics are out that if or when America goes down, Canada will follow. What possibly can the Canadian government do to avoid economic turmoil with the source of the problem a foreign nation?
Interestingly enough, the government already created an economic insurance policy for Canada and continues to do so. Mainly and simply through signing and working on free trade deals with countries aboard. The Harper government has introduced free trade deals with Latin America countries which have some of the highest GDP growths in the world.
Additionally, the government is working on a free trade deal with the EU and "relations" that could include freer trade with China. In 2008 when talks with the EU and Canada began, EU officials stated that within the first year of a free trade deal a "minimum of $40 billion dollars per year" would be exchanged. Impressive seeing $440 billion dollars per year is traded with America alone.
Free or freer trade with China would be even more beneficial as Chinese growth is hungry for limited resources, all of which Canada has (coal, oil, lumber, etc). For the first time in history, Canada sold more lumber at a higher rate to the Chinese than to the Americans in the second quarter of 2011.
The Harper government was introducing proactive steps before the crisis in 2008 and 2011 hit, allowing Canada to weather the economic storm with relative ease. The old saying of not putting all your economic eggs in on economic trading partner's basket proves true.
Let’s make the market freer, allowing continued economic stability and growth for Canadian businesses and workers alike.
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