Related News: "North American Security and Prosperity"
Canada And The United States Must Work Together To Boost Free Trade And Economic Recovery, Washington CEO Summit Participants Agree
Canada and the United States face enormous economic challenges, but business leaders in both countries are working closely with governments to drive a rapid return to growth and prosperity in North America and around the world, says Thomas d’Aquino, Chief Executive and President of the Canadian Council of Chief Executives (CCCE).
Mr. d’Aquino was speaking at a special summit of Canadian and American business leaders and policy makers convened by the CCCE in Washington, D.C., on March 23 and 24, 2009.
Participants included: Lawrence Summers, Director of President Barack Obama’s National Economic Council and Assistant to the President for Economic Policy; Ronald Kirk, newly confirmed United States Trade Representative; Jim Prentice, Canada’s Minister of the Environment; Mark Carney, Governor of the Bank of Canada; and Kevin Warsh, Member of the Board of Governors of the Federal Reserve System.
“This is a time of transformation in the global economy, where governments around the world are scrambling to coordinate their responses to the most severe and synchronized downturn in generations,” Mr. d’Aquino said. “It is a time of transformation in the politics of the United States, where a charismatic new President has swept to power but faces daunting challenges at every turn. … Read more »
Addressing the New Year Members’ Meeting of the Canadian Council of Chief Executives (CCCE) in Toronto, Council Chief Executive and President Thomas d’Aquino outlined top priorities that he said should be front of mind for government and business leaders alike as Canadians confront the difficult and uncertain year ahead.
“Countering the recession is our number one priority,” Mr. d’Aquino said. “Events beyond our country’s control have rocked global financial markets, damaging consumer and business confidence around the world. Canada cannot escape the consequences: our economy must deal with the daunting challenges as our families and communities face real pain. No matter what we do, the economic situation will get worse before it gets better. Accurate predictions about the timing of the recovery are impossible to make. Canada is part of an economic universe that for the time being is without a compass.”
Given the sober economic realities, Mr. d’Aquino said Canada more than ever needs an effective counter-crisis strategy. “On the positive side, Canada is entering this period of economic turmoil from a position of relative strength. Our governments have been running budget surpluses and paying down debt. Our national pension system is well-financed and solvent. We continue to … Read more »
Early Visit To Canada By President Obama Offers Unique Opportunity To Re-Shape The Canada-United States Partnership, CCCE Head Says
Prime Minister Stephen Harper and other Canadian leaders should seize the opportunity to re-shape the Canada-United States relationship when President Obama visits Canada following the inauguration, says Thomas d’Aquino, Chief Executive and President of the Canadian Council of Chief Executives (CCCE).
“The commitment of the President-Elect to deal with the severe economic crisis, to strengthen defences against terrorism and to re-define America’s position in the world offers Canadians an important opening,” Mr. d’Aquino said in remarks to a conference in Montreal hosted by the Canadian Bar Association and the American Bar Association. He was speaking on a panel with James Blanchard, former Michigan Governor and former United States Ambassador to Canada, moderated by Raymond Chrétien, former Canadian Ambassador to the United States.
“We are each other’s largest market for goods and investment,” Mr. d’Aquino added. “Our industries are international, relying on shared strengths to compete with the world. We are bound by geography to the mutual defence of our continent. Our shared values and interests – in building prosperity, ensuring environmental sustainability, promoting democracy and contributing to global peace and security – drive our cooperation on a vast range of issues within North America and around the world.”
Despite the … Read more »
PSPAN class='"Apple-style-span"' "="" -webkit-border-vertical-spacing:="" 2px;="" -webkit-border-horizontal-spacing:="" 13px;="">“Canada’s business leaders warmly congratulate President-elect Obama on his decisive election victory. The race for the United States presidency is the world’s most demanding political marathon, but Barack Obama has proven himself both a masterful campaigner and a leader of rare potential. He will bring to the White House a wave of positive energy and a strong mandate for reform and renewal.
PSPAN class='"Apple-style-span"' "="" -webkit-border-vertical-spacing:="" 2px;="" -webkit-border-horizontal-spacing:="" 13px;="">“As Senator Obama himself has acknowledged, this is a defining moment in America’s history. The United States faces its worst financial crisis since the Great Depression, a crisis that has shaken consumer and business confidence and exacerbated an already precarious economic and fiscal situation. As the incoming Administration prepares to confront these challenges, I know that the President-elect can count on the support of friends and allies across Canada and throughout the world. Now more than ever, it is vital that we work together to rebuild confidence, expand trade and create opportunities for future growth and prosperity.
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Long-overdue amendments to Canada’s Copyright Act introduced today strengthen Canada’s protection of intellectual property while giving families, schools and libraries more flexibility to make use of new technologies, says the Canadian Council of Chief Executives (CCCE).
The Copyright Act was last revised when the internet was in its infancy, and badly needs updating to reflect the impact of new technologies on business practices and daily life, said CCCE Executive Vice President David Stewart-Patterson. “These changes will support the creative energy of Canadians by creating a clear legal framework to allow copyright owners to protect their property from online pirates.”
Mr. Stewart-Patterson said that the proposed amendments will bring Canada’s rules into line with the rest of the industrialized world and will help Canada to move toward ratification of the World Intellectual Property Organization (WIPO) treaties that Canada signed in 1997. “Canada’s future prosperity depends on our ability to sell our ideas to the rest of the world. We cannot expect others to respect our intellectual property if we do not also respect theirs.”
The CCCE expressed support for the four principles underlying the proposed changes: balancing the rights of copyright owners with the needs of users; providing clear, predictable and … Read more »
Thomas d’Aquino Defends The NAFTA And Calls For Stepped-up Efforts To Enhance North American Competitiveness
Extolling the importance and the achievements of the North American Free Trade Agreement (NAFTA), the Chief Executive of the Canadian Council of Chief Executives, Thomas d’Aquino, said in an Ottawa address today that the NAFTA has had a profoundly positive impact on North American trade and investment flows, and has been a powerful catalyst in enhancing the competitiveness of the continent.
“By reducing barriers to trade, spurring investment, accelerating cross-border business cooperation and efficiencies and advancing innovation and better-paying jobs, the NAFTA has delivered concrete results,” Mr. d’Aquino said.
Since the NAFTA went into effect in 1994, trilateral trade among the three partners has tripled, reaching about $1 trillion annually. The NAFTA has fostered economic growth by encouraging competition in domestic markets and promoting investment from both domestic and foreign sources.
“But despite the hard evidence of the NAFTA’s successes, the pact is being subjected to vitriolic attacks, especially in the United States, by a bevy of protectionists, isolationists and political opportunists who are exploiting the current American economic malaise,” Mr. d’Aquino said.
The CCCE Chief Executive reminded his audience of visiting graduate business students from universities across the United States that business leaders have a responsibility to defend … Read more »
The Chief Executive and President of the Canadian Council of Chief Executives (CCCE), Thomas d’Aquino, today expressed disappointment and dismay at the intensifying attacks in the United States on the North American Free Trade Agreement (NAFTA). A veteran advocate of continental free trade and private sector leader in advancing the Canada-United States Free Trade Agreement, Mr. d’Aquino said that anti-NAFTA rhetoric had reached disturbing levels in the contest for the United States presidency:
“I have observed many American elections and realize that in the run-up to a national vote, candidates sometimes appeal to the more extreme voices in their constituencies. But I detect more than rhetoric at work here. Protectionists in many cases are attacking the fundamentals of liberal economics, which have long been proven to offer the greatest benefits in terms of growth, job creation and improvements in quality of life.
“In the face of this onslaught, some of it based on fear-mongering and disinformation, the beneficiaries of open commerce — in particular, consumers, business people and political leaders — have remained complacent and mute.
“I full well understand the rising concerns in North America and in many parts of the world about the impact of globalization and … Read more »
Canadians Must Look Outward with Confidence, not Inward with Fear, CCCE says in Submission to the Federal Competition Policy Review Panel
Canada suffers from a culture of complacency and must revamp its public policies and intensify its corporate ambitions to be a leading global player, said Thomas d’Aquino, Chief Executive and President of the Canadian Council of Chief Executives (CCCE).
“In a world in which people, ideas and money move with incredible speed, Canadians must look outward with confidence rather than inward with fear,” Mr. d’Aquino said in a speech to the Economic Club of Canada. His remarks coincided with the release of the CCCE’s submission to the federal Competition Policy Review Panel, which is considering Canada’s foreign investment and competition policies in light of several recent foreign takeovers of major Canadian companies.
Mr. d’Aquino noted that the recent wave of international mergers and acquisitions had stoked fears about the potential “hollowing out” of corporate Canada, including a loss of head offices and an erosion of economic sovereignty. Those concerns are understandable, yet the most effective way to handle the challenges of globalization is not to hide behind national borders but to seize the opportunities created by an open global economy. “Put simply,” Mr. d’Aquino said, “the best defence against any potential loss of economic sovereignty is … Read more »