Jim Flaherty, one of Canada’s longest-serving finance ministers who helped the country stave off the worst of the global financial crisis, announced his resignation from cabinet to seek work in the private sector.
Canada will push ahead with its plan to cut spending by at least C$4 billion ($3.9 billion) annually and look for ways to “transform” public services even though the government’s deficit-reduction efforts are running ahead of schedule, Treasury Board President Tony Clement said.
Canadian Industry Minister Tony Clement ordered officials to investigate the early release of market-moving indicators by Statistics Canada , which had been made available to distributors as much as 59 seconds before their public release.
Tony Clement , head of Canada’s Treasury Board and minister responsible for the country’s civil service, told a group of government executives they should seek “transformative” change of the bureaucracy to reduce costs, including considering the introduction of user fees.
Canada extended the deadline to review BHP Billiton Ltd. ’s $40 billion hostile takeover offer for Potash Corp. of Saskatchewan Inc. by an additional 30 days, Industry Minister Tony Clement said in a statement.
Canadian Industry Minister Tony Clement , who earlier this month rejected BHP Billiton Ltd. ’s offer for Potash Corp. of Saskatchewan Inc. and gave 30 days for an appeal, said he will end his review now that the company has withdrawn its bid.
The Canadian government will review the investment by PetroChina Co. in a natural gas project with Encana Corp. The investment is subject to a review under the Investment Canada Act, Industry Minister Tony Clement said in a statement today. Canada will approve the sale of the gas assets if it provides a “net benefit” to the country, Clement said.
Canadian Trade Minister Tony Clement indicated he probably won’t accept a decision by the country’s telecommunications regulator that allows Internet providers to charge customers based on usage instead of flat fees.