Related News: "Innovation and Competitiveness"

CCCE welcomes progress in streamlining cross-border trade

Statement by The Honourable John Manley, President and CEO, Canadian Council of Chief Executives, on the federal government’s announcement of enhancements under the Beyond the Border Action Plan:

“From the beginning, the Canadian Council of Chief Executives has strongly supported the Beyond the Border initiative because of its potential to streamline cross-border commerce and improve Canadian and U.S. competitiveness. The innovative, practical measures announced today will make a tangible difference to workers and companies on both sides of the border. The eGate pilot project at the Peace Bridge offers an excellent example of the ways in which technology can make border crossings faster and easier while enhancing security. Meanwhile, improvements to the Customs Self-Assessment program will enable more Canadian firms to take advantage of the opportunities presented by global supply chains.”

Founded in 1976, the CCCE is the senior voice of Canada’s business community, representing 150 chief executives and leading entrepreneurs in all sectors and regions of the country. Its member companies collectively employ 1.5 million Canadians and are responsible for most of Canada’s private sector investments, exports, workplace training and research and development.… Read more »

New capital markets regulator is a vote for innovation and much-needed reform, Manley says

Statement by The Honourable John Manley, President and CEO of the Canadian Council of Chief Executives, on today’s announcement that Saskatchewan and New Brunswick have joined the Cooperative Capital Markets Regulatory System:

“The idea has been around since 1935, but this morning we are a major step closer to a common national securities regulator. The governments of Saskatchewan and New Brunswick clearly recognize the need to modernize our country’s capital markets. Their decision to join British Columbia, Ontario and Canada in jointly establishing a Cooperative Capital Markets Regulatory System is a vote for innovation and much-needed reform.

“Efficient and dynamic capital markets are vital to economic growth and job creation. A common regulator will boost Canadian competitiveness by eliminating duplication, reducing unnecessary red tape and compliance costs, and enhancing oversight. For all these reasons, modernizing the existing patchwork of regulators will strengthen Canada’s attractiveness as a destination for business investment.

“Equally important are the benefits for small, innovative firms that have the capacity to grow. The new Capital Markets Regulatory System will make it easier for them to access the capital they need to expand, create jobs and pursue new markets for Canadian goods and services.

“I want to congratulate … Read more »

Ottawa and provinces must work together on solutions to labour market challenges, Manley says

Statement by The Honourable John Manley, President and CEO of the Canadian Council of Chief Executives, on this week’s meetings in Charlottetown of federal and provincial ministers responsible for education and employment:

“As Canada’s economy evolves and grows, employers face an increasing need for highly skilled and qualified workers. What is required is a broad national effort to strengthen our country’s education and training systems.

“Canada’s business leaders encourage the federal, provincial and territorial governments to find creative solutions to the labour market challenges that confront employers, employees, students and future generations.

“We urge all levels of government to work together to expand and align our country’s labour-market information systems in ways that will help more people find rewarding and fulfilling careers. Equally important is the need to harmonize apprenticeship programs, a key step in building a more balanced, highly qualified Canadian workforce.

“To ensure a high quality of life for all citizens, it’s time for a new approach and an honest conversation about what’s working and what isn’t working in Canadian education and skills training.”

Founded in 1976, the CCCE is the senior voice of Canada’s business community, representing 150 chief executives and leading entrepreneurs in all sectors and … Read more »

Business leaders call for the conclusion of Trans-Pacific Partnership agreement to boost economic growth and create jobs

As representatives of 12 Asia-Pacific countries meet in Ottawa to continue talks on a major new trade agreement, Canadian business leaders today emphasized the need to tear down economic barriers that impede growth and job creation across the region.

“Concluding a wide-reaching Trans-Pacific Partnership (TPP) agreement that removes barriers to trade will give Canadian businesses new opportunities in a $28 trillion market with nearly 800 million customers,” said The Honourable John Manley, President and CEO of the Canadian Council of Chief Executives (CCCE).

As Asia’s rapid growth transforms the global economy, it is essential that Canada intensify its commercial engagement in the region. The TPP offers an historic opportunity to improve trade, investment and people-to-people ties across the Asia-Pacific region.

New market opportunities for Canada through the TPP are primarily in those countries where our country does not have existing free trade agreements, namely Australia, Brunei, Japan, Malaysia, New Zealand, Singapore and Vietnam.

“Canada has a unique opportunity to become the only nation in the world with preferential trade access to the United States, the European Union and some of the largest economies in Asia. The TPP will position Canadian firms to go where global growth and customer demand are … Read more »

Canada urgently needs a national education and training strategy, report says

The federal government needs to show “courage and leadership” in working with the provinces and industry to reverse an alarming slide in the quality of Canada’s education and skills training systems, a new report says.

“The fact that Canada is now falling behind many other countries in education and skills acquisition is not a crisis per se. It becomes a crisis only if we fail to act quickly and systematically to improve our performance,” says the report, which was commissioned by the Canadian Council of Chief Executives (CCCE).

The paper – prepared by Paul Cappon, former President and CEO of the Canadian Council on Learning – is harshly critical of Ottawa and the provinces for failing to acknowledge and address Canada’s weak performance in recent international assessments of education and training.

Compared with their peers elsewhere in the developed world, for example, Canadian university and college graduates rank 19th of 21 in numeracy, 18th of 21 in literacy and 14th of 18 in problem-solving skills, according to a recent assessment by the Organisation for Economic Co-operation and Development (OECD). Another closely watched OECD study found that the reading, science and math scores of Canadian teenagers have been … Read more »

Canada’s international education policy needs an overhaul, new report says

Canada’s drive to attract foreign students needs to be buttressed by broader policy goals, such as encouraging more Canadians to study abroad, more partnerships with foreign colleges and universities, and the use of education as a foreign policy tool, a new report recommends.

The report, published by the Canadian Council of Chief Executives (CCCE) and the Canadian International Council (CIC), also proposes that Canada place less emphasis on specific—and potentially risky—numerical targets for foreign student recruitment. Instead, the focus should shift toward attracting talent that matches domestic demand for skills and the needs of Canadian employers.

The report – “Canada’s International Education Strategy: time for a fresh curriculum” – is written by Bernard Simon, a writer and faculty member in the Global Journalism program at the Munk School of Global Affairs, and a former Financial Times correspondent in Canada.

Foreign students contributed an estimated $8 billion in fees and other economic benefits to Canada in 2010. Yet, as the report notes, Canada has fallen behind Australia and other advanced economies in seizing the opportunities presented by the burgeoning business of cross-border education. “These opportunities go well beyond the number of students a country attracts or the money they … Read more »

Eliminating tariffs would build a stronger, healthier economy and make Canada a global trading hub, report finds

Removing all tariffs on goods entering Canada would boost economic growth, lower prices, attract investment and position Canada as a centre of trade activity, a new report says.

The report, published by the Canadian Council of Chief Executives (CCCE), estimates that eliminating tariffs would generate $20 billion a year in economic activity, equivalent to a one per cent increase in Canada’s GDP. That amount is five times greater than the total revenue collected by the federal government each year in duties.

Titled “Should Canada Unilaterally Adopt Global Free Trade?” the report was written by Dan Ciuriak, former Deputy Chief Economist at the Department of Foreign Affairs and International Trade (DFAIT), and Jingliang Xiao, a Vancouver-based economic researcher.

The study points out that manufactured goods are typically produced with inputs sourced from a variety of countries. Eliminating tariffs on imports would reduce the cost of those inputs and therefore make Canadian companies more competitive. This in turn will allow firms to expand their operations, export more and ultimately hire more Canadians.

More jobs and lower prices on imported goods will make all Canadians better off and will build an even stronger, healthier Canadian economy.

“Unilateral tariff elimination would propel … Read more »

Apprentice cooks working in a kitchen Dramatic expansion of Canada’s apprenticeship system would help more young people find rewarding careers, report says

Governments, educators and employers should work together to sharply increase both the number and range of apprenticeships for young Canadians, a new report recommends.

The report, published by the Canadian Council of Chief Executives (CCCE), says that apprenticeship should be viewed not just as a route to a job in the skilled trades, but as a mainstream option for young people and a common recruitment strategy for firms in a wide range of industries and sectors.

A large-scale expansion in the availability of apprenticeships, the study says, would:

  • provide young people with more pathways to rewarding careers, potentially reducing youth unemployment;
  • better align worker skills with employer needs;
  • increase career opportunities for those who learn best by doing rather than through classroom study;
  • raise income levels for workers in middle-skill occupations; and
  • relieve some of the pressure on governments to increase spending on colleges and universities.

The report – Expanding apprenticeship training in Canada: perspectives from international experience – assesses the scale and composition of Canada’s apprenticeship system and offers recommendations based on the experiences of countries such as Germany, Switzerland, Australia and the United Kingdom.

Its author is Dr. Robert Lerman, a professor of economics at American University … Read more »

Date April 7, 2014 Related Issues

Large companies pay more than 50 different kinds of taxes, study says

Major Canadian companies are subject to more than 50 different kinds of taxes and, on average, pay 33.4 per cent of their profits to various levels of government, a new report shows.

The report found that for every $1 they pay in federal and provincial corporate income tax, large companies typically incur an additional 94 cents in other business taxes – including payroll taxes, property taxes and unrecoverable sales taxes on business inputs.

PwC Canada prepared the report based on a study of 63 leading Canadian companies. The participants included banks, insurance firms, retailers, telecommunications providers, energy companies and mining companies. Of the 63 companies, 39 are listed on the Toronto Stock Exchange and 24 are Canadian-owned private businesses, partnerships or income trusts.

Altogether, the 63 companies that participated in the study contributed $40.6 billion to Canadian public finances in 2012. 

In addition, they provided employment to 759,276 people, who earned an average income of $64,781.

The study was commissioned by the Canadian Council of Chief Executives (CCCE), which represents 150 leading companies in all sectors and regions of the country.

“As taxpayers and as employers, large companies contribute disproportionately to the Canadian economy,” said The Honourable John Manley, President … Read more »

CCCE welcomes action plan to resolve Port Metro Vancouver dispute

The Canadian Council of Chief Executives (CCCE) welcomes today’s move by the federal and B.C. governments to resolve the two-week work stoppage at Port Metro Vancouver and return the port to full operation.

“Canada’s major ports are vital engines of the national economy,” said The Honourable John Manley, President and CEO of the CCCE.  “Today’s announcement of a 14-point action plan to resolve the strike by container truck drivers represents a solid step forward. It is essential that all sides now come together to restore normal activities at the port and limit the economic impact on businesses and workers across the country.”

The plan to resolve the dispute was unveiled by The Honourable Lisa Raitt, federal Minister of Transport, The Honourable Todd Stone, British Columbia’s Minister of Transportation and Infrastructure, and Robin Silvester, President and Chief Executive Officer of Port Metro Vancouver.  Alongside measures to ensure that truck drivers receive fair compensation, the plan is intended to create a more stable trucking industry and reduce truck wait times at container terminals.  The plan is based on recommendations by federally appointed advisor Vince Ready.

The CCCE is the senior voice of Canada’s business community, representing chief executives and leading entrepreneurs in … Read more »

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