My Top 6 Of Economic News In 2017

Trump, NAFTA, and the North American auto industry

January – Since the inception of NAFTA and even the FTA in 1987, the value of production and exports of the Canadian auto industry has exploded. This integration of our economies is a source of prosperity, for us as well as for the Americans. However, in trying to impose constraints on the Canada-US border, President Trump would perhaps help a particular group of workers but would hurt not only Canadian workers but also all American consumers, who would have to pay more to get the job done. Same car. In the longer term, companies located in the United States could see their relative competitiveness decrease against Japanese, South Korean and European manufacturers. That’s what

Financial assistance to Bombardier

February – In February, the federal government announced financial assistance to Bombardier in the form of a $ 372.5 million loan. Although this is a refundable contribution, taxpayers become investors in the business. Let’s hope that it will take off, for the good of the company and the taxpayers.

Federal-Provincial Health Agreement

March – It’s not the case that the provinces are clamoring with Ottawa for more money! After several months of struggle, the areas reached agreements with the federal government on health financing in January. But despite the deal, the underlying problem remains. The few billion more are unlikely to improve access to care. The health system needs to be rethought. A first step should be for Ottawa to withdraw entirely from health to leave it to the provinces. They should then compete with each other and manage the funds at their discretion and in the interests of their constituents. Such a situation would encourage innovation and the establishment of market mechanisms, for the benefit of patients.