Related News: "Innovation and Competitiveness"

Business leaders welcome Canada-U.S. customs preclearance agreement

Statement by The Honourable John Manley, President and CEO of the Canadian Council of Chief Executives, on today’s announcement of a new Canada-U.S. customs preclearance agreement:

“For many years, travellers passing through major airports across Canada have benefitted from the ability to clear U.S. customs before leaving Canada for their destination. Today’s agreement ensures not only that these customs preclearance facilities will be funded for years to come, but also that additional preclearance facilities will be opened for air, rail and marine passengers. By negotiating a comprehensive preclearance agreement, the governments of Canada and the United States have taken a significant step toward ensuring that cross-border travel is more secure and efficient. This agreement will facilitate travel and enhance cross-border commercial ties. It demonstrates once again that the Canada-U.S. Beyond the Border Action Plan is achieving results that strengthen our economies and protect jobs on both sides of the border.”

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 … Read more »

Large firms contribute more money to governments in taxes and other payments than they earn in profits, survey shows

A survey of 80 leading Canadian enterprises shows that they collectively contribute more money to governments in taxes and other payments than they earn in after-tax profit.

The survey found that for every $100 generated by the companies, $40 went to Canadian governments at the federal, provincial and municipal levels. That includes corporate taxes, property taxes, payroll taxes, non-refundable taxes on business inputs and other costs borne by the companies themselves, as well as employment and consumer taxes they collect on behalf of governments.

In comparison, $32 out of every $100 is earned as after-tax profit and either retained for reinvestment in the business or distributed to shareholders. After-tax wages and salaries paid to employees account for the remaining $28.

PricewaterhouseCoopers (PwC) conducted the survey in partnership with the Canadian Council of Chief Executives. Eighty leading Canadian enterprises, all members of the CEO Council, took part. The participants included banks, insurance firms, retailers, telecommunications providers, energy companies and mining companies.

“The survey underscores the importance of Canada’s leading businesses as generators of government revenue,” said The Honourable John Manley, President and Chief Executive Officer of the CEO Council. “The contributions of these firms to public finances are significant, improving the … Read more »

Date March 8, 2015 Related Issues

Business leaders welcome introduction of 10-year Chinese visas

Statement by The Honourable John Manley in response to today’s announcement that China and Canada have agreed to grant each other’s citizens visas valid for up to 10 years:

“The introduction of 10-year multiple-entry visas recognizes the deepening commercial links between Canada and China. With longer visas, Canadian entrepreneurs and companies can focus on growing their business in the dynamic and competitive Chinese market. The Canadian Council of Chief Executives welcomes this significant step toward more efficient travel between Canada and China.”

Founded in 1976, the CEO Council 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 »

Canada’s foreign investment review policies need to be simplified and streamlined, report says

The federal government needs to do more to help Canada succeed in the face of intense global competition, and one way to start would be to adopt a more welcoming approach to foreign investment, a new report argues.

Written by Paul Boothe, a former high-ranking federal and provincial government official, the report says that Canada’s foreign investment review policies and practices are currently “in a state of disarray.”

New rules on foreign buyers have added time and uncertainty to the screening process, undermining Canada’s reputation as a destination for investments that create jobs and benefit consumers.

The report says that further reforms to the Investment Canada Act, particularly as it applies to state-owned enterprises, should be near the top of the federal government’s economic priority list.

The report also urges the federal government to take meaningful steps to enhance competition in telecommunications and air transportation. It says the government could improve consumer choice and pricing in both sectors by loosening foreign ownership restrictions and allowing foreign firms to enter the Canadian market on an equal footing with domestic players.

“The government’s policy regarding investments by state-owned enterprises seems arbitrary and confusing,” says Boothe, who is now Director of the Lawrence … Read more »

Made in North America barcode Embrace a bold new North American agenda, business leaders urge

North America can lead the world economy for decades to come if Canada, the United States, and Mexico work together to strengthen the region’s competitiveness, says a new report from the Canadian Council of Chief Executives.

“Closer collaboration and enhanced trade with our neighbours will bring jobs and increased prosperity to Canada and our North American partners,” said The Honourable John Manley, President and Chief Executive Officer of the CEO Council.

The report is titled “Made in North America: a new agenda to sharpen our competitive edge.” It offers 44 recommendations to the three governments as they prepare for the next North American Leaders’ Summit, scheduled for February 2015.

The report calls on the public and private sectors to harness the powers of technology and so-called “big data” to streamline border crossings and support North America’s highly integrated supply chains.

“The ‘security trumps trade’ argument is a false dichotomy,” the report says. “Through the practical application of big data, we can ensure that security and trade facilitation are mutually reinforcing rather than mutually exclusive.”

The report points out that North America is in the midst of an energy revolution spurred by new technology. But to make the most … Read more »

Students on campus University-ranking schemes are undermining the student experience, leading educator says

Global university-ranking schemes are pushing universities toward a homogenization that undermines their ability to serve students, one of Canada’s leading educators says.

“By creating similar groups of metrics, these rankings signal that to be outstanding, a university must pursue a limited range of strategies,” says Stephen J. Toope, former President and Vice-Chancellor of the University of British Columbia.

To improve their standing in such surveys, universities “poach ‘star’ researchers, focus on nominating staff for international prizes, and recruit a large number of international staff and students,” Professor Toope writes in a paper published today by the Canadian Council of Chief Executives (CCCE).

Meanwhile, “There is almost no point in trying to improve the undergraduate student experience” because doing so would have little or no impact on a university’s score.

A noted international law scholar, Professor Toope stepped down from his UBC post earlier this year. In January 2015 he will succeed Janice Stein as Director of the University of Toronto’s Munk School of Global Affairs.

In the paper, Professor Toope discusses the impact of digital technology on higher education and warns that – in an era in which massive amounts of information are available online – universities are facing pressures … Read more »

Date September 26, 2014 Related Issues

Canada-EU free trade homepage banner Business leaders welcome new era in Canada-EU trade

Canada’s business leaders welcome the conclusion of the Canada-European Union Comprehensive Economic and Trade Agreement (CETA) negotiations. Prime Minister Stephen Harper and European Commission President José Manuel Barroso signed a declaration marking the end of negotiations today in Ottawa.

Canada has achieved a high-quality agreement that will give Canadian companies and exporters of all sizes access to the world’s largest economy.  The agreement will boost economic growth and create jobs in virtually every sector of the Canadian economy.

On the occasion of the signing of the declaration, Canada’s leading business associations — representing firms from all sectors and regions of the country — announced the launch of the Coalition for Canada-EU Trade.

Click here for the full release and list of coalition members.Read more »

Date August 29, 2014 Related Issues

Plan to simplify regulations between Canada and the United States shows real promise, CCCE says

Statement by The Honourable John Manley, President and CEO, Canadian Council of Chief Executives, on the federal government’s announcement of the Joint Forward Plan for the Canada-United States Regulatory Cooperation Council:

“Canada’s business leaders continue to support the work of the Canada – United States Regulatory Cooperation Council in aligning cross-border regulations. We are heartened to see the concrete progress achieved so far, including the simplification of the drug approval process and the new joint safety and environmental ship inspections in the Great Lakes.

“The Joint Forward Plan announced today holds the promise of increasing economic growth for both Canada and the United States through even greater regulatory cooperation. Fixing misaligned or duplicative regulations will reduce costs and will make our companies more competitive. We look forward to working with the two governments to turn the promise of this plan into a reality.”

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 »

Date August 27, 2014 Related Issues

Premiers must show leadership to strengthen Agreement on Internal Trade, Manley says

Statement by The Honourable John Manley, President and CEO, Canadian Council of Chief Executives, on the eve of this week’s Annual Premiers’ Conference in Charlottetown:

“To succeed internationally, Canadian firms need a strong base of operations here at home. That’s why it is important to eliminate interprovincial trade restrictions that make it harder for Canadian companies to compete and grow.”

“Almost two decades ago, governments across Canada promised to reduce and eliminate barriers to the free movement of people, goods, services and investments within our national borders. Unfortunately, progress since then has been frustratingly slow. To make free trade within Canada a reality, we need leadership from every province and territory, working closely with the federal government.

“As a start, provincial and territorial governments should commit to recognizing standards across provinces, with the objective of moving toward full harmonization. Modernizing our economic union will create jobs, eliminate unnecessary waste and strengthen the ability of Canadian companies to serve consumers across the country and internationally.

“Canada’s business leaders urge Premiers to strengthen the Agreement on Internal Trade (AIT) to permit the free movement of goods, services, people and investment within Canada’s borders.”

The CCCE is the senior voice of Canada’s business … Read more »

Date July 21, 2014 Related Issues

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 »

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