Regional Energy Security & Collaboration; Moving from a Free Trade Area, to a. North American Community. Remarks by the Honourable Sergio Marchi,
|
|
- Andra Shaw
- 5 years ago
- Views:
Transcription
1 Regional Energy Security & Collaboration; Moving from a Free Trade Area, to a North American Community Remarks by the Honourable Sergio Marchi, President and CEO of the Canadian Electricity Association Washington International Trade Association (WITA) Panel Discussion: Energy and the NAFTA Washington, DC December 7,
2 Introduction Thank you very much for the invite to join you this morning. And I d like to commend WITA for organizing this timely series of NAFTA discussions. From the perspective of the Canadian Electricity Association, energy is an integral element of NAFTA and part of a vital, more than a century old partnership between Canada and the United States. Let me touch on three issues. First, in addressing the NAFTA energy talks, a word on our bilateral energy file is a must, because it offers invaluable context. When it comes to electricity, the very first transmission line between Canada and the U.S. was commissioned back in And today, more than 35 transmission corridors span the border, with 6 more under various stages of development. Some 30 US Sates depend on Canadian electricity. Since that first line, our two countries have built and nurtured an integrated grid. And for the US, Canada remains a reliable and trusted partner. A partnership marked by collaboration on everything from reliability and resilience, to security and mutual assistance, to innovation and clean energy. 2
3 This rich cooperation and trade provides vast economic, social, and environmental benefits on both sides of the border not to mention a flexible, reliable and secure grid. So from my point of view, today s discussion is part of an ongoing and highly positive conversation between our two countries about this vital energy partnership and how we could further strengthen it. Given the importance of this north-south grid, CEA s Board travels to Washington every year to meet with White House Staff, Members of Congress, departmental officials, and other influential stakeholders. During our last visit, which occurred in the early days of the Trump Administration, officials told us something that I think is quite relevant to our discussion today. They said that while the President had been elected on mandate for radical change, they had an obligation to inform him about the things that actually work well and that don t need fixing. And at the top of that list was our bilateral energy file. They readily affirmed that our energy partnership is hugely positive, admitting that Canada has contributed mightily to America s national energy security, with its reliable exports of electricity, gas and oil over the many years. For me, this serves as a foundation that should continue to find a home in NAFTA and be built upon. 3
4 Second, this bilateral cooperation leads to the inevitable importance of developing a North American energy strategy. This imperative was reinforced just a few weeks ago, when I was invited to participate in a regional discussion in Houston, with the energy Ministers of Canada, Mexico and the US. North American energy cooperation and collaboration was front and center. It s the smart way to go. The meeting focused on how to jointly develop our energy assets, foster economic growth, and ensure our regional energy security --- all for the benefit of our citizens and our businesses. More specifically, CEA believes any North American energy strategy should include: Shared innovation, and shared research and development efforts, so that we may leverage our collective brains and stretch limited funds; Shared infrastructure builds, and a lessening of the red tape for these builds; Shared security strategies; and A North American Energy Business Council, that would work closely with policy makers from the three countries. 4
5 One of the challenges is that this multi-border partnership relies on strong and stable relationships --- and the need to constantly nurture them. Thus far, in his mandate for radical change, we have seen how President Trump has shaken things up in this town, generating considerable uncertainty. And while it hasn t yet come to it this kind of rhetoric can become a disruptor for sound energy policy making, and threaten friendships and alliances. Instead, our political leaders must strive to protect and build on the progress we ve achieved, so as to win that future together and emerge stronger individually. This naturally brings me to the current NAFTA negotiations. In 1993, I remember well the political jitters in both the Canadian and US governments led by PM Chretien and President Clinton, when it came to ratifying NAFTA. In fact, the very first call between the two respective Chiefs of Staff was on what to do about NAFTA. Since then, governments, political leaders, economists, and a healthy majority of our respective citizens have pointed to the trade deal as an economic boon for all three countries. And beyond the dollars and cents --- it served as a sturdy bridge between our peoples. 5
6 The election of Trump clearly changed the dynamics on the US side. During and after the election campaign, he has been a tough critic of NAFTA, and so it s not surprising that after five rounds of negotiations, the US tone continues to be quite harsh. Yet, many Congressmen and US governors remain friends of NAFTA, and are big supporters of the robust Canada-US trading relationship. What we know is that the overall NAFTA narrative, based on hard numbers and real facts, is a decidedly positive one. This is not fake news. What we don t know is whether the harsh tone of this US Administration is purely tactical, or, whether this tough talk is for real, and perhaps a prelude to pulling the plug. So, the negotiations continue. Before the negotiations started, CEA drafted and submitted, to our relevant Ministers and negotiators, an Electricity NAFTA Position Paper. It outlined our issues and priorities as a sector, both defensive and offensive. The core of our message, was: do no harm. Because NAFTA has worked well for our electricity and energy sector over the past twenty-four years. 6
7 So, if it ain t broken, let s not have politicians moving in to fix it. Instead, let us strengthen and modernize it: Protect zero tariffs and duties for energy commodity trade; Have Mexico sign as a full Party to the Energy Chapter; Ensure better regulatory alignment, especially as it pertains to: - permitting cross-border energy infrastructure; - improved labour mobility; and - strong investor protections. Prohibit discrimination against foreign energy sources; And, bolster the security standards of energy infrastructure; The matter of security merits a word or two. Some 25 years ago, the number one energy issue was securing energy supply, especially for the US. Today, North America is awash in natural gas and oil, and the electricity system is well supplied. From my perspective, the number one challenge has shifted from energy security to systems security. 7
8 In other words, how to ensure the safety and reliability of the electricity system, as it comes under increasing cyber-attacks and extreme weather events. Facing this unprecedented storm of threats, no company or country, for that matter, should go it alone. We should work cooperatively to ensure that there are no weak links in our North American chain. Pause. Energy was first discussed only in the third round of NAFTA talks, so we know it is not at the top of the agenda. Which, in my opinion, is not a bad thing. But we understand that the US is insisting on eliminating NAFTA s Energy Chapter, Chapter 6. Their rationale is that these provisions can be covered by other sections of the agreement. We think this would be a mistake. We believe that the chapter has worked well, and that it does not need major fixing or nixing. It provides a consolidated energy space in the agreement, and offers an effective framework for adding new elements. Moreover, the political optics of removing something that has been so positive are not good for the energy constituency, nor for onlookers of the deal. 8
9 I find it strange that the U.S. is uncommitted to an energy chapter, which emphasizes the foundation of our modern economy and way of life, while pushing for a chapter on textiles, arguably a 19th century issue. NAFTA can be used to collectively propel us forward or it can be used to anchor us in the past. You can probably tell which outcome I favour. In closing, because all politics is local, I remain hopeful that US political and business leaders, including yourselves, will prevail on the President and his private-sector-oriented Cabinet, to in fact modernize NAFTA, and build on it, rather than lowering the curtain. For me, our vision should be to move from a North American free trade area, to a North American community. A community increasingly built on common values and shared aspirations. And in the process, a community that would be rendered much more secure and competitive, in relation to the rest of the world. Thanks for your attention. 9
10 QUESTIONS AND ANSWERS: 1. What would you (Canadian electricity sector) do if US decided to withdraw unilaterally from NAFTA? If the President does pull the plug, it certainly puts into question the broader bilateral and regional collaboration that I just talked about, without even talking about the economic downside and uncertainties that would be unleashed on all sides of the border. Of course, no one knows the answer yet. So, the negotiations continue. 2. Investor protection will be a key concern for many of those who ll be in the audience. What is CEA s position on investor protection provisions that are currently in NAFTA and others that may be added? CEA strongly supports the protection of the Investor-State Dispute Settlement (ISDS) mechanism contained in Chapter Eleven. Canadian electricity companies have been actively building and acquiring U.S. and Mexican assets over the past decade and must be protected from policies that unfairly target or disadvantage foreign owners. Canadian companies need strong investor protections. This was a critical issue for Canada before the signing of NAFTA, and it remains central to our commercial interests today. 3. What is CEA s position on NAFTA s chapter 19? CEA believes that for trade agreement to work well, it s important to have effective dispute mechanism in place. 10
STATEMENT OF THE ALLIANCE OF AUTOMOBILE MANUFACTURERS BEFORE THE: SENATE COMMITTEE ON FINANCE
STATEMENT OF THE ALLIANCE OF AUTOMOBILE MANUFACTURERS BEFORE THE: SENATE COMMITTEE ON FINANCE SUBCOMMITTEE ON INTERNATIONAL TRADE, CUSTOMS AND GLOBAL COMPETITIVENESS November 20, 2017 PRESENTED BY: Mitch
More informationAs Prepared for Delivery. Preserving North American Growth, Jobs, and Competitiveness: An Address to the AmCham Mexico
Introduction Preserving North American Growth, Jobs, and Competitiveness: An Address to the AmCham Mexico Address by THOMAS J. DONOHUE President and CEO, U.S. Chamber of Commerce October 10, 2017 Mexico
More informationJune 12, To: Members of the California Congressional Delegation. From: (Mrs.) Susanne Stirling, Vice President-International Affairs
To: Members of the California Congressional Delegation From: (Mrs.) Susanne Stirling, Vice President-International Affairs On behalf of the California Chamber of Commerce, below are comments provided to
More informationOpen for business: The European Union's relations with Mexico in a changing world
EUROPEAN COMMISSION Karel De Gucht European Commissioner for Trade Open for business: The European Union's relations with Mexico in a changing world EU Chambers / ProMEXICO / Mexico City 14 November 2012
More informationMEETING OF SHAREHOLDERS SCOTIABANK TRINIDAD AND TOBAGO LIMITED CROWNE PLAZA JANUARY
ADDRESS DELIVERED BY ROB PITFIELD, CHAIRMAN THE 36 th ANNUAL MEETING OF SHAREHOLDERS SCOTIABANK TRINIDAD AND TOBAGO LIMITED CROWNE PLAZA JANUARY 26 th 2006 It s a pleasure to be here today to celebrate
More information2019 USCIB Trade and Investment Agenda
2019 USCIB Trade and Investment Agenda The United States Council for International Business (USCIB) corporate members represent $5 trillion in revenues and employ 11.5 million people worldwide across a
More informationTOOLKIT: CHALLENGING CORPORATE POWER IN TRADE DEALS.
TOOLKIT: CHALLENGING CORPORATE POWER IN TRADE DEALS www.isdscorporateattacks.org Does Your Member of Congress Reject the Expansion of Corporate Power in Our Trade Deals? The North American Free Trade Agreement
More informationWhy Trade Deficits Are Not Necessarily a Bad Thing
Why Trade Deficits Are Not Necessarily a Bad Thing May 23, 2018 by Gary Halbert of Halbert Wealth Management 1. Why Trade Deficits Are Not Always a Bad Thing 2. Trade Deficits Are Common Among Developed
More informationRemarks of Jeffrey D. DeBoer to Eastdil Secured Retail Symposium Four Seasons Hotel Washington, DC February, 12, 2014
Remarks of Jeffrey D. DeBoer to Eastdil Secured Retail Symposium Four Seasons Hotel Washington, DC February, 12, 2014 Good afternoon. Thank you for inviting me to speak today. I see many friends here today
More informationFormer President, International Institute for Sustainable Development. Chair, International Centre for Trade and Sustainable Development (Geneva)
Testimony of David Runnalls Senior Fellow, Smart Prosperity Institute Former President, International Institute for Sustainable Development Chair, International Centre for Trade and Sustainable Development
More informationCONSULTATION ON TRADE NEGOTIATIONS WITH THE UNITED STATES
1 CONSULTATION ON TRADE NEGOTIATIONS WITH THE UNITED STATES The Securities Industry and Financial Markets Association (SIFMA) believes strongly in free, rules-based international trade and cross-border
More informationEmerging Trends in Infrastructure 2018
Emerging Trends in Infrastructure 2018 January 2018 kpmg.com/infrastructure Trend 1: The clash of competing forces Policy-makers and politicians will need to focus on building bridges and balancing the
More informationEcon 340. Outline: Current Tensions in the International Economy NAFTA NAFTA NAFTA NAFTA. Lecture 1 Current Tensions in the International Economy
Econ 340 Lecture 1 Current Tensions in the Lecture 1: Overview 2 NAFTA What is it? North American Free Trade Agreement Does many things but most important: Zero tariffs on most trade between US, Canada,
More informationTennessee Valley Authority
Q4 Fiscal Year 2017 Conference Call CORPORATE PARTICIPANTS Tammy Wilson Vice President, Treasurer, and Chief Risk Officer Bill Johnson President and Chief Executive Officer John Thomas Chief Financial
More informationSpeech: Priorities for EU tax policy
EUROPEAN COMMISSION Algirdas Šemeta Commissioner responsible for Taxation and Customs Union, Audit and Anti-fraud Speech: Priorities for EU tax policy Irish Parliament Committee on Finance / Dublin 10
More informationF. Statement at the 50th Annual Meeting of the ADB (Yokohama, Japan / May 6, 2017) May 6, 2017
F. Statement at the 50th Annual Meeting of the ADB (Yokohama, Japan / May 6, 2017) May 6, 2017 Statement by the Honorable Taro Aso, Deputy Prime Minister of Japan and the Chairperson of the Board of Governors,
More informationSusan Schmidt Bies: Enterprise perspectives in financial institution supervision
Susan Schmidt Bies: Enterprise perspectives in financial institution supervision Remarks by Ms Susan Schmidt Bies, Member of the Board of Governors of the US Federal Reserve System, at the University of
More informationPlanning for life after NAFTA
Planning for life after NAFTA An Economist Intelligence Unit research program sponsored by KPMG March 22, 2018 Written by: The North American Free Trade Agreement (NAFTA) is at least as controversial today
More informationFACILITATING TRADE: NAFTA TODAY AND TOMORROW
WHITE PAPER FACILITATING TRADE: NAFTA TODAY AND TOMORROW Looking back at North America s most important free trade agreement. White paper Facilitating trade: NAFTA today and tomorrow Looking back at North
More informationUS Trade Policy Options in the Pacific Basin: Bigger Is Better
US Trade Policy Options in the Pacific Basin: Bigger Is Better Jeffrey J. Schott Senior Fellow, PIIE February 16, 2017 2/16/2017 Peterson Institute for International Economics 1750 Massachusetts Ave.,
More informationNAFTA and Its Renegotiation
NAFTA and Its Renegotiation Alan V. Deardorff University of Michigan For presentation to Detroit Association of Business Economists November 10, 2017 Outline NAFTA What it is What have been its effects
More informationFinal Report Minister Greg Melchin s Mission to New York and Washington, DC June 25-July 5, 2006
Final Report Minister Greg Melchin s Mission to New York and Washington, DC June 25-July 5, 2006 Overview: For the first time in its 40-year history, the prestigious Smithsonian Folklife Festival featured
More informationTHE ANDREW MARR SHOW INTERVIEW: GEORGE OSBORNE, MP CHANCELLOR OF THE EXCHEQUER APRIL 12 th 2015
PLEASE NOTE THE ANDREW MARR SHOW MUST BE CREDITED IF ANY PART OF THIS TRANSCRIPT IS USED THE ANDREW MARR SHOW INTERVIEW: GEORGE OSBORNE, MP CHANCELLOR OF THE EXCHEQUER APRIL 12 th 2015 Headlines: Chancellor
More informationThe Canadian Economy: Current and Future Challenges
Remarks by David Dodge Governor of the Bank of Canada to the Greater Moncton Chamber of Commerce and the Conseil économique du Nouveau-Brunswick Moncton, New Brunswick 24 October 2001 The Canadian Economy:
More informationMr Thiessen converses on the conduct of monetary policy in Canada under a floating exchange rate system
Mr Thiessen converses on the conduct of monetary policy in Canada under a floating exchange rate system Speech by Mr Gordon Thiessen, Governor of the Bank of Canada, to the Canadian Society of New York,
More informationRegulatory Affairs Symposium
Regulatory Affairs Symposium Remarks Don Forgeron Thursday, November 15, 2018 Toronto, Ontario Check against delivery 1 Good morning, everyone, and welcome. There are a number of terrific panels lined
More informationUS-MEXICO GEOPOLITICAL ENVIRONMENT UNDER PRESIDENT TRUMP ECONOMIC, BUSINESS AND LEGAL ASPECTS
US-MEXICO GEOPOLITICAL ENVIRONMENT UNDER PRESIDENT TRUMP ECONOMIC, BUSINESS AND LEGAL ASPECTS MÉXICO AND THE U.S. GOOD FRIENDS? Mexico and the U.S. have enjoyed a mutually beneficial relationship for several
More informationCommunications Challenges and Quantitative Easing. Remarks by. Jerome H. Powell. Member. Board of Governors of the Federal Reserve System.
For release on delivery 11:00 a.m. EDT October 11, 2013 Communications Challenges and Quantitative Easing Remarks by Jerome H. Powell Member Board of Governors of the Federal Reserve System at the 2013
More informationCAPITOL HILL BRIEFING: The Effects of Section 232 Tariffs on U.S. Industry and USMCA
CAPITOL HILL BRIEFING: The Effects of Section 232 Tariffs on U.S. Industry and USMCA WHAT: The Section 232 tariffs on aluminum and steel have been in place for over six months and strain on U.S. industry
More informationTreasury Board of Canada Secretariat
Treasury Board of Canada Secretariat 2007 08 A Report on Plans and Priorities The Honourable Vic Toews President of the Treasury Board Table of Contents Section I: Overview... 1 Minister s Message...
More informationChina Focus: Our 21 Lehman Systemic Risk Indicators
China Focus: Our 21 Lehman Systemic Risk Indicators Trade War The media noise is a traders best friend, it is consistently far too negative and has created a number of mispriced trades over the past 24
More informationTTIP: Why Ireland needs it
European Commission Speech [Check against delivery] TTIP: Why Ireland needs it 27 March 2015 Cecilia Malmström, Commissioner for Trade Dublin Launch event, Report on Ireland and TTIP Ladies and gentlemen,
More informationISDA European Policy Conference 2017 Opening Remarks Scott O Malia, ISDA CEO Thursday September 28, 2017: 9.30am-9.45am
ISDA European Policy Conference 2017 Opening Remarks Scott O Malia, ISDA CEO Thursday September 28, 2017: 9.30am-9.45am Good morning, and welcome to our European public policy conference. Today s event
More informationGroup of Twenty (G20)
Group of Twenty (G20) What is G20? The G20 is an international forum that brings together the world's 20 leading industrialised and emerging economies. The group accounts for 85% of world GDP and two-thirds
More informationTHE WHITE HOUSE Office of the Press Secretary. For Immediate Release February 19, 2013 REMARKS BY THE PRESIDENT ON THE SEQUESTER
THE WHITE HOUSE Office of the Press Secretary For Immediate Release February 19, 2013 REMARKS BY THE PRESIDENT ON THE SEQUESTER South Court Auditorium 10:50 A.M. EST THE PRESIDENT: Good morning, everybody.
More informationFROM A CANADIAN PERSPECTIVE. 61 st Annual EDCO Conference Toronto February 7, 2018
NAFTA: FROM A CANADIAN PERSPECTIVE 61 st Annual EDCO Conference Toronto February 7, 2018 AGENDA Welcome Session Introduction Speaker Introduction Hugo Cameron, Executive Lead for U.S. Trade Engagemnt at
More informationA Message from President Gary Corbett on the Proposed Dues Increase October 2013
A Message from President Gary Corbett on the Proposed Dues Increase October 2013 Fellow members, As promised in my previous correspondence, please find here additional detail regarding the Board of Directors
More informationINTERNATIONAL TRADE ISSUE PAPER Jose E. Martinez President & CEO Free Trade Alliance
INTERNATIONAL TRADE ISSUE PAPER Jose E. Martinez President & CEO Free Trade Alliance jmartinez@freetradealliance.org Export-Import (Ex-Im) Bank Issue Paper Request: Reform and permanently reauthorize the
More informationMonetary Policy Framework Issues: Toward the 2021 Inflation-Target Renewal
Closing remarks 1 by Carolyn A. Wilkins Senior Deputy Governor of the Bank of Canada For the workshop Monetary Policy Framework Issues: Toward the 2021 Inflation-Target Renewal Ottawa, Ontario September
More informationUNINTENDED CONSEQUENCES OF DELAYING FERC S STANDARD MARKET DESIGN
UNINTENDED CONSEQUENCES OF DELAYING FERC S STANDARD MARKET DESIGN By Elizabeth Anne Moler 1 Executive Vice President Government and Environmental Affairs & Public Policy Exelon Corporation As conferees
More informationOpening remarks: Discussion on Investment in TTIP
European Commission Speech [Check against delivery] Opening remarks: Discussion on Investment in TTIP 18 March 2015 Cecilia Malmström, Commissioner for Trade Brussels Meeting of the International Trade
More informationG. Communique, at the 33rd IMFC (Washington, D.C. / April 16, 2016) April 17, 2016
G. Communique, at the 33rd IMFC (Washington, D.C. / April 16, 2016) April 17, 2016 Press Release No. 16/169 FOR IMMEDIATE RELEASE April 16, 2016 International Monetary Fund Washington, D.C. 20431 USA Global
More information[Type here] ECOFIN WHITE PAPER NOVEMBER 25TH 2016 DEIRDRE COOPER
[Type here] 2016 ECOFIN WHITE PAPER NOVEMBER 25TH 2016 DEIRDRE COOPER Initial Thoughts on the Implications of the 2016 Presidential Election Results on the US Renewable Energy Industry President Elect
More informationI m very pleased to be here in Calgary with all of you for CIBC s 148th annual general meeting, and my first as CEO.
Remarks for Victor G. Dodig, President and Chief Executive Officer CIBC Annual General Meeting Calgary, Alberta April 23, 2015 Check Against Delivery Good morning, ladies and gentlemen. I m very pleased
More informationDisaster resilient communities: Canada s insurers promote adaptation to the growing threat of high impact weather
Disaster resilient communities: Canada s insurers promote adaptation to the growing threat of high impact weather by Paul Kovacs Executive Director, Institute for Catastrophic Loss Reduction Adjunct Research
More informationCANADIAN URBAN TRANSIT ASSOCIATION BUDGET ANALYSIS
FEDERAL BUDGET 2017 CANADIAN URBAN TRANSIT ASSOCIATION BUDGET ANALYSIS In its second budget since forming government, the federal Liberals continued with the vision they set for the country in the 2015
More informationSpeech at the International tax symposium "Dynamics of International Tax Competition: Opportunity or Threat?"
Speech at the International tax symposium "Dynamics of International Tax Competition: Opportunity or Threat?" Tax policy coordination for more growth and employment the EU agenda Introduction Ladies and
More informationStatement by. John P. LaWare. Member, Board of Governors of the Federal Reserve System. before the. Committee on Banking, Finance and Urban Affairs
For release on delivery 10:00 am, EDT September 28, 1993 Statement by John P. LaWare Member, Board of Governors of the Federal Reserve System before the Committee on Banking, Finance and Urban Affairs
More informationPhilip Lowe: Changing relative prices and the structure of the Australian economy
Philip Lowe: Changing relative prices and the structure of the Australian economy Address by Mr Philip Lowe, Assistant Governor of the Reserve Bank of Australia, to the Australian Industry Group 11th Annual
More informationI bet most of you had no idea how many more times I would shock the world in the next year.
1 Good Evening. Remember the last time I spoke before this group? I had just shocked the world, was pumped up, and ready to rule. That was just over one year ago. It s good to be back, and you have to
More informationTrade wars. Innovated by the North-West University. Francois Fouche 02 Oct 2018
Trade wars Innovated by the North-West University Francois Fouche 02 Oct 2018 The value of research & education Ask questions that matter Make trade, not war What happened to international trade? Well
More informationTHE NEW USMCA WHAT IT MEANS AND HOW WE GOT HERE
THE NEW USMCA WHAT IT MEANS AND HOW WE GOT HERE In the beginning On January 1 st, 1993, the North American Free Trade Agreement otherwise known as NAFTA came into effect. That agreement, involving Canada,
More informationMinistry of Trade and Export Development. Plan for saskatchewan.ca
Ministry of Trade and Export Development Plan for 2018-19 saskatchewan.ca Table of Contents Statement from the Minister... 1 Response to Government Direction... 2 Operational Plan... 3 Highlights... 5
More informationBasel II. Consolidated Supervised Entity (CSE) Rule:
Speech by Randal K. Quarles U.S. Treasury Assistant Secretary for International Affairs Institute for International Bankers Washington, DC May 26, 2005 I am delighted to be here again to share with you
More informationElection Playbook. October 27, 2016 by Burt White of LPL Financial
Election Playbook October 27, 2016 by Burt White of LPL Financial KEY TAKEAWAYS In our election playbook, we discuss some investments that could possibly receive an election boost. Some areas that may
More informationEconomists Expect Big Jump In 2Q GDP - We'll See May 16, 2017 by Gary Halbert of Halbert Wealth Management
Economists Expect Big Jump In 2Q GDP - We'll See May 16, 2017 by Gary Halbert of Halbert Wealth Management Page 1, 2018 Advisor Perspectives, Inc. All rights reserved. IN THIS ISSUE: 1. First Trust Predicts
More information1) Is the Canadian Government Trade Policy when it comes to USA and Europe Canada has separate trade policies with both the US and European Union.
1) Is the Canadian Government Trade Policy when it comes to USA and Europe Canada has separate trade policies with both the US and European Union. NAFTA (North American Free Trade Agreement) is Canada
More informationVancouver Board of Trade
Vancouver Board of Trade 1 Good afternoon, everyone. Pop quiz: Let s get a show of hands. How many of you, at one point in your life, stored your music in a CD tower? How many of you ever dropped off a
More informationStressing the Stress Test: The Importance of Strong Mortgage Underwriting
Stressing the Stress Test: The Importance of Strong Mortgage Underwriting Remarks by Assistant Superintendent Carolyn Rogers to the Economic Club of Canada Toronto, Ontario February 5, 2019 Please check
More informationRaising the minimum wage is good for the economy
Raising the minimum wage is good for the economy MYTH: Raising the minimum wage will cost low-wage workers their jobs. FACT: Even though fear mongers in business, politics and the media continue to raise
More informationChairman McCoy, Vice Chairman Ott, and members of the House Utility Ratepayer Protection Committee.
Remarks of Thomas F. Farrell, II Chairman, President and CEO Dominion Energy to South Carolina House Utility Ratepayer Protection Committee January 17, 2018 Chairman McCoy, Vice Chairman Ott, and members
More informationState Business Tax Climate Index
TAX FOUNDATION S State Business Tax Climate Index Compete to Win: Using Rankings to Drive Reform THINK TANK IMPACT: CASE STUDIES MARCH 2016 INTRODUCTION The Tax Foundation is a nonprofit think tank in
More informationThe Benefits of NAFTA to Canada
Box 348, Commerce Court West 199 Bay Street, 30 th Floor Toronto, Ontario, Canada M5L 1G2 www.cba.ca Alex Ciappara Director, Credit Markets and Economic Policy Tel: (416) 362-6093 Ext. 271 aciappara@cba.ca
More informationSubmission by the Canadian Chamber of Commerce to the Infrastructure Canada Consultations for Phase 2 of the Federal Infrastructure Plan
Submission by the Canadian Chamber of Commerce to the Infrastructure Canada Consultations for Phase 2 of the Federal Infrastructure Plan September 16, 2016 For further information, please contact Ryan
More informationThe Changing Dynamics of Global Capital Markets
The Changing Dynamics of Global Capital Markets James S. Turley Chairman and CEO Ernst & Young Global Capital Markets Summit U.S. Chamber of Commerce Washington, D.C. March 26, 2008 Good afternoon, and
More informationComments in Response to Executive Order Regarding Trade Agreements Violations and Abuses Docket No. USTR
Comments in Response to Executive Order Regarding Trade Agreements Violations and Abuses Docket No. USTR 2017 0010 Submitted by Business Roundtable July 31, 2017 Business Roundtable is an association of
More informationCurrent priority areas for BIAC
October 2015 Current priority areas for BIAC Investment was the central theme of this year s OECD Ministerial Council Meeting and continues to be a priority on the global economic agenda. Ministers acknowledged
More informationPre-Hearing Statement of Linda M. Dempsey, Vice President, International Economic Affairs, National Association of Manufacturers
Pre-Hearing Statement of Linda M. Dempsey, Vice President, International Economic Affairs, National Association of Manufacturers Before the U.S. International Trade Commission Hearing on Investigation
More informationNAFTA Renegotiation October Update
NAFTA Renegotiation October Update Hosted by United States Fashion Industry Association (USFIA) and Akin Gump Strauss Hauer & Feld LLP October 25, 2017 2:00 P.M. Eastern/11:00 A.M. Pacific Do you have
More informationCHAMPIONING A PROSPEROUS, DIVERSE AND CONNECTED REGIONAL ECONOMY
CHAMPIONING A PROSPEROUS, DIVERSE AND CONNECTED REGIONAL ECONOMY 2016 2017 ACTION PLAN WWW.LVGEA.ORG UPDATED FOR FY 2017 TABLE OF CONTENTS Message from the Chairman & CEO... Planning Process... Mission,
More informationAgenda Item 8: National Infrastructure Commission and Budget Update
Strategic Transport Forum 15 th December 2017 englandseconomicheartland@b uckscc.gov.uk Agenda Item 8: National Infrastructure Commission and Budget Update Recommendation: It is recommended that the Forum:
More informationUNCTAD Meeting on the Transformation of the International Investment Agreements Regime February 2015 Palais des Nations, Geneva
UNCTAD Meeting on the Transformation of the International Investment Agreements Regime 25-27 February 2015 Palais des Nations, Geneva The Transformation of the IIA Regime: Time for collective strategy
More informationIntergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR) Key note speech
Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR) 29th SESSION 31 October 2 November 2012 Room XIX, Palais des Nations, Geneva Wednesday, 31 October
More informationStephen S Poloz: Three things keeping me awake at night
Stephen S Poloz: Three things keeping me awake at night Remarks by Mr Stephen S Poloz, Governor of the Bank of Canada, to the Canadian Club Toronto, Toronto, Ontario, 14 December 2017. Introduction * *
More informationMESSAGING GUIDANCE ON TRUMP & REPUBLICAN TAX CUTS As of August 10, 2017
MESSAGING GUIDANCE ON TRUMP & REPUBLICAN TAX CUTS As of August 10, 2017 This message guidance is based on a poll of 1,200 people who voted in the 2016 presidential election. The poll was conducted June
More informationMaking Sense of the CETA
Canadian Centre for Policy Alternatives September 2014 Making Sense of the CETA An Analysis of the Final Text of the Canada-European Union Comprehensive Economic and Trade Agreement Edited by Scott Sinclair,
More informationPanel on. Policymaking in a Global Context. Remarks by. Robert T. Parry. President and Chief Executive Officer Federal Reserve Bank of San Francisco
Panel on Policymaking in a Global Context Remarks by Robert T. Parry President and Chief Executive Officer Federal Reserve Bank of San Francisco Delivered at the conference on Crises, Contagion, and Coordination:
More informationWe are faced with unfunded mandates that are crippling our counties, including Albany County. I will talk to you about those challenges.
DANIEL P. MCCOY COUNTY EXECUTIVE COUNTY OF ALBANY OFFICE OF THE EXECUTIVE 112 STATE STREET, ROOM 200 ALBANY, NEW YORK 12207-2021 (518) 447-7040 - FAX (518) 447-5589 WWW.ALBANYCOUNTY.COM MICHAEL D. PERRIN
More informationThe euro: Its economic implications and its lessons for Canada
Remarks by Gordon Thiessen Governor of the Bank of Canada to the Canadian Club of Ottawa Ottawa, Ontario 20 January 1999 The euro: Its economic implications and its lessons for Canada We have just witnessed
More informationTrade Update Fall 2018
Trade Update Fall 2018 NAFTA NAFTA Modernization Update Tentative deal with Mexico Canadian talks still ongoing Still needs to get approved by U.S. Congress (April at the earliest) Implementation June
More informationMr Thiessen discusses the euro: its economic implications and its lessons for Canada
Mr Thiessen discusses the euro: its economic implications and its lessons for Canada Remarks by the Governor of the Bank of Canada, Mr Gordon Thiessen, to the Canadian Club of Ottawa in Ottawa, Ontario
More informationTrade Deficit Hits New High, Trump Tariffs Are Bad
Trade Deficit Hits New High, Trump Tariffs Are Bad March 13, 2019 by Gary Halbert of Halbert Wealth Management IN THIS ISSUE: 1. US Trade Deficit Hit Record $891 Billion in 2018 2. Trump s Trade Tariffs
More informationWOULD YOU SAY YOU APPROVE OR DISAPPROVE OF PRESIDENT OBAMA'S HANDLING OF HEALTH CARE REFORM?
ublican onal Imittee of the Chairman MEMORANDUM FOR REPUBLICAN LEADERS FROM: CHAiRMAN MICHAEL STEELE DATE: JUNE 30, 2009 To date, President Obama and the Democrats in Congress have amassed an incredible
More informationFinancial Services Commission of Ontario. June 2009
Financial Services Commission of Ontario STATEMENT OF PRIORITIES June 2009 Introduction This is the twelfth Statement of Priorities for the Financial Services Commission of Ontario (FSCO). It provides
More informationGood morning, ladies and gentlemen. My name is Charles Goode and I have the pleasure of chairing our meeting today.
14 August 2003 ANZ Shareholder Information Meeting Adelaide Town Hall 128 King Street Adelaide Address by: Charles Goode, Chairman, ANZ John McFarlane, Chief Executive Officer, ANZ Good morning, ladies
More information20 Continuing the Fight against International Trade Finance Subsidies
20 Continuing the Fight against International Trade Finance Subsidies LAWRENCE H. SUMMERS In the 65 years since the creation of the US Export-Import Bank, the world has come to a much greater recognition
More informationUSCIB Trade and Investment Agenda 2018
USCIB Trade and Investment Agenda 2018 The United States Council for International Business (USCIB) corporate members represent $5 trillion in revenues and employ 11.5 million people worldwide across a
More informationRandal K Quarles: America's vital interest in global efforts to promote financial stability
Randal K Quarles: America's vital interest in global efforts to promote financial stability Speech by Mr Randal K Quarles, Vice Chairman for Supervision of the Board of Governors of the Federal Reserve
More informationOverview: The Trump Trade Policy Promises, Pitfalls, and Future Prospects?
Overview: The Trump Trade Policy Promises, Pitfalls, and Future Prospects? Warren H. Maruyama November 2, 2017 President Trump s Campaign Promises Trade Our Trade Deals Have Been a Disaster We Have to
More informationSpeech by. The Hon Mark Vaile MP. Deputy Prime Minister Leader of The Nationals Minister for Trade. The Institute for International Trade
Speech by The Hon Mark Vaile MP Deputy Prime Minister Leader of The Nationals Minister for Trade The Institute for International Trade Future Trade Opportunities for Australian Business 3 August 2006,
More informationPSYCHOLOGY OF FOREX TRADING EBOOK 05. GFtrade Inc
PSYCHOLOGY OF FOREX TRADING EBOOK 05 02 Psychology of Forex Trading Psychology is the study of all aspects of behavior and mental processes. It s basically how our brain works, how our memory is organized
More informationNAFTA's Prospects and Preserving its Benefits Views from the US, Mexico and Canada. January
NAFTA's Prospects and Preserving its Benefits Views from the US, Mexico and Canada January 24 2017 NAFTA's Prospects and Preserving its Benefits Views from the US, Mexico and Canada Paul Burns, Parnter,
More informationBlockchain: A true disruptor for the energy industry Use cases and strategic questions
Blockchain: A true disruptor for the energy industry Use cases and strategic questions Phoenix rising The oilfield services sector transforms again In its ongoing journey to power and move the world, the
More informationThank you, Ian. It s my pleasure to be here today.
We re very pleased to welcome you today for the CPP Investment Board s 2010 public meeting. My name is Ian Dale and I am the Senior Vice President of Communications and Stakeholder Relations for the CPP
More informationBREXIT The Potential Implications. A joint IoD Ireland and IoD UK members survey
BREXIT The Potential Implications A joint IoD Ireland and IoD UK members survey SUMMARY This research report is a summary of the key findings delivered from a survey which was undertaken by the Institute
More informationCORPORATE BEIGE BOOK:
LPL RESEARCH WEEKLY MARKET COMMENTARY IBG FINANCIAL ADVISORS KEY TAKEAWAYS Our analysis of fourth quarter 216 earnings conference call transcripts indicates sentiment among corporate executives continued
More informationCan collective pension schemes work in the United Kingdom? Received (in revised form): 14 th August 2012
Original Article Can collective pension schemes work in the United Kingdom? Received (in revised form): 14 th August 2012 Sarah Smart is Chair of The Pensions Trust and a Board Member of the London Pensions
More informationREADING 4.1: ADVOCACY SCENARIOS
READING 4.1: ADVOCACY SCENARIOS SCENARIO #1 Your education alliance has a reputation for its success in lobbying for changes in education policy and service delivery. Your strengths are alliance building
More informationportfolio is located primarily in eastern Canada and Washington State.
March 30, 2010 Putting Canada s Renewable Energy Industry on the Map Steve Snyder, President & CEO Good morning. Thank you for the introduction and the opportunity to join you today. I also want to thank
More informationSmall Business Lending Roundtable Committee on Small Business United States House of Representatives
Small Business Lending Roundtable Committee on Small Business United States House of Representatives James Chessen On Behalf of the AMERICAN BANKERS ASSOCIATION My name is James Chessen. I am the chief
More information