Related News: "North American Security and Prosperity"
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 »
Canadian Council of Chief Executives Elects Gordon M. Nixon as new Chair, Sets Ambitious Policy Agenda for 2007
The Canadian Council of Chief Executives (CCCE) has elected Gordon M. Nixon as its new Chair. Mr. Nixon is President and Chief Executive Officer of Royal Bank of Canada, and has served as a member of the CCCE’s Executive Committee since 2003.
At its New Year Members’ Meeting in Toronto, the Council also approved an ambitious agenda for the coming year. The central focus of this agenda will be to enhance the ability of Canadian companies to compete effectively in the global marketplace and to help shape a domestic policy environment that gives primacy to sound economics and good governance.
The CCCE is Canada’s premier business association, with an outstanding record of achievement in matching entrepreneurial initiative with sound public policy choices nationally and globally. It is composed of 150 chief executives of major enterprises and leading entrepreneurs. Member CEOs lead companies that collectively administer $3.2 trillion in assets, have annual revenues of more than $750 billion, and are responsible for the vast majority of Canada’s exports, investment, research and development, and training.
Mr. Nixon succeeds former Chair Richard L. George, President and Chief Executive Officer of Suncor Energy Inc. Mr. George remains on the CCCE’s Executive Committee as Honorary … Read more »
Comments by Thomas d’Aquino, Chief Executive and President of the Canadian Council of Chief Executives, on the federal government’s economic and fiscal update:
“The challenges to the future prosperity of Canadians are daunting and complex. They require a broad strategy that will enable Canadians to compete and win in a rapidly evolving global economy. Today, the government has laid out a bold competitiveness roadmap that is clear, compelling and comprehensive.
“By cutting taxes, debt and red tape, by encouraging enterprises to innovate and grow and by investing in both critical infrastructure and the knowledge and skills of Canadians, the Advantage Canada strategy announced today by Finance Minister Jim Flaherty will enable Canadians to compete more effectively on every front.
“The Canadian Council of Chief Executives heartily endorses in particular the key goals laid out in the government’s competitiveness strategy, which include: making the effective tax rate on new business investment the lowest in the G-7; slashing the administrative burden of regulation by 20 percent; and encouraging more foreign investment, more competition and more business innovation.
“Business leaders also welcome the bold new goal of eliminating total government net debt by 2021. Paying interest is the worst form of public spending. … Read more »
Focused and Realistic Throne Speech Agenda Will Help Build Competitive Economy, Business Leaders Say
The short-term agenda unveiled by the new Conservative government in its Speech from the Throne is focused and realistic, and sets the stage for more comprehensive efforts to strengthen Canada’s competitiveness and prosperity, says the Canadian Council of Chief Executives (CCCE).
“The core promises made by the Conservative Party during the election campaign, including fiscal responsibility, lower taxes, more innovative delivery of public services and more honest and effective government, will by themselves contribute significantly to a stronger economy,” said CCCE Chief Executive and President Thomas d’Aquino.
“At the same time, Prime Minister Stephen Harper has recognized that Canada faces very real challenges within a global economy that is being transformed by the emergence of new giants such as China and India. His initial priorities are clear, and he has sent an unmistakeable signal that he is committed to continuing efforts to make Canada’s economy more competitive and more productive.”
The CCCE, a non-partisan and not-for-profit organization composed of the chief executive officers of 150 leading Canadian enterprises, recently published a major paper, From Bronze to Gold: A Blueprint for Canadian Leadership in a Transforming World. The paper included ten specific recommendations for strengthening Canadian competitiveness that CCCE members … Read more »
Canada’s Business Leaders Welcome Progress in Cancun, Applaud Decision to Establish North American Competitiveness Council
Senior business leaders from across Canada warmly welcomed today’s decision by the leaders of Canada, the United States and Mexico to establish a North American Competitiveness Council (NACC) that will examine ways to deepen continental cooperation and promote stronger economic growth.
“Our three countries are facing unprecedented competition from large developing economies such as China and India,” said Thomas d’Aquino, Chief Executive and President of the Canadian Council of Chief Executives (CCCE).
“As business leaders, we are strongly committed to enhancing the competitive position of North American industries in the global marketplace. The establishment of the new North American Competitiveness Council will provide an important means by which private industry can contribute ideas to improve our economies, our prosperity and our way of life.”
The CCCE is Canada’s premier business association, representing the CEOs of 150 leading Canadian corporations. The Council was the private sector leader in the development and promotion of the Canada-United States Free Trade Agreement during the 1980s and of the subsequent trilateral North American Free Trade Agreement. More recently, it has been a strong advocate of closer continental cooperation under the umbrella of the year-old Security and Prosperity Partnership of North America (SPP).
The decision to … Read more »
Canada’s leading CEOs and entrepreneurs are urging Members of Parliament from all parties to make a concerted effort to increase Canadian productivity and improve our country’s ability to compete globally for people, ideas and investment.
In a major paper delivered to Members of Parliament today, the Canadian Council of Chief Executives (CCCE) offers 10 specific recommendations that could be implemented quickly and should be capable of winning cross-party support in the new minority Parliament.
The CCCE also puts forward five more ambitious ideas that are intended as catalysts for a broad national discussion about how to drive Canada’s economic and social progress over the next decade.
“It is time to think big about what Canadians can achieve and how to get there from here,” says the statement, titled From Bronze to Gold: A Blueprint for Canadian Leadership in a Transforming World. The statement is signed on behalf of the CCCE’s 150 member chief executives by Richard L. George, Chairman, and Thomas d’Aquino, Chief Executive and President.
The CCCE is a non-partisan organization composed of chief executives from all regions and sectors of the Canadian economy. Member CEOs lead companies that collectively administer close to $3 trillion in assets, have … Read more »