Jayson Myers News
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Finance Minister Jim Flaherty wants Canadian companies to invest more of their record cash holdings as a way to spur an economy held back by consumer debt, government austerity and stagnant exports.
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Canadian business investment needed to sustain an economic recovery is threatened by Liberal Party Leader Michael Ignatieff ’s pledge to scrap planned corporate tax cuts because companies may find it difficult to plan, the head of the country’s manufacturing lobby group said.
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President Barack Obama and Canadian Prime Minister Stephen Harper agreed to take steps to speed the flow of goods and people across the border while enhancing security and harmonizing regulation, in a bid to counter weakening trade ties between the two countries.
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Canadian Prime Minister Stephen Harper ’s plan to reduce corporate tax rates over the next two years will generate new jobs, boost investment and help raise government revenue, according to a report today by the country’s manufacturing lobby group.
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Bank of Canada Governor Mark Carney wants to use low interest rates to stimulate growth -- just not too much growth through borrowing by debt-laden households.
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Investors have become more convinced the Bank of Canada will stop raising interest rates at next week’s meeting than at any time since it last boosted borrowing costs on Sept. 8.
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Canadian Prime Minister Stephen Harper ’s government is promoting planned corporate income tax cuts today with a country-wide campaign aimed at pressing opposition lawmakers to back his government’s 2011 budget.
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Canada’s largest business group will step up its lobbying campaign against opposition leader Michael Ignatieff ’s plan to cancel corporate tax cuts, saying it threatens the investment needed to carry an economic recovery.
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