Reigning in those paper markets, limiting how much money sloshes around and where it is allowed to slosh, would open the door to having exchange rates determined on more sensible, real factors.
It seems highly likely that Tim Hortons would have opted to reorganize as a Canadian corporation even had Canada simply kept its corporate tax rates at U.S. levels.
Last week, the Minister of Finance announced his aspiration to unilaterally eliminate Canada’s few remaining tariffs on imported machinery and equipment.
The main cause of the shift is the mountain pine beetle, and its rise to super-pest status due to winters that have not been cold enough to kill them off.
Finance Minister Flaherty should be embarrassed to appoint as a “researcher” Jack Mintz, who is a fervent defender of individual responsibility for retirement savings and the virtues of RRSPs.
Instead of blaming financiers for the economic mess, many commentators and many members of the public-at-large are turning instead on another scapegoat: unions and their members.