According to the Export Development Corporation foreign direct investment (FDI) in Canada was $26.1 billion in the first nine months of this year, up from $8.2 billion in 2004. Geez, I wonder how much of that $26.1 billion in foreign…
Continue ReadingRaising awareness of economic issues
I was part of the Maritime News discussion today on CBC – a panel discussion and call in on what should be the most important issue in the upcoming Federal campaign. The topics varied from how bilingualism is a drain…
Continue ReadingAgriculture & the media
Statistics Canada published their annual statistics recently on the agriculture sector in Canada. The provide information on revenue (receipts), expenses and income (profits). There is also information on any subsidization by government. Anyway, for 2004, the agriculture industry in New…
Continue ReadingThe Christmas election
It looks like were in for an election sometime in the new year. Already, this is being dubbed as a ‘Christmas’ election in the hopes that a few people may vote against the instigators. Here’s what I will be looking…
Continue ReadingA word on downtown development in Moncton
If you read the ‘Sleuth’ today in the Times & Transcript, you would have read of ‘big new plans’ for downtown. However, they all depend on Premier Lord and his legacy. The new justice centre, apparently, is critical to the…
Continue ReadingWhy not here?
A lot of people already this morning have asked me why Research in Motion didn’t announce its 1,200 person R&D facility in New Brunswick. I think this is a complex question without a five cent answer. But the political answer…
Continue ReadingFinally, a ‘mega’ deal for Atl. Canada
AllNovaScotia.com is reporting this morning that Research In Motion will be announcing a huge research and development centre to be located in Dartmouth, Nova Scotia. They are suggesting that 1,200 jobs are involved. If this is true, hallelujah. A mini…
Continue ReadingThe hits keep comin’ – $123 million for DaimlerChrysler in Ontario
Industry Canada press release: The Honourable David L. Emerson, federal Minister of Industry, and the Honourable Joseph Cordiano, Ontario Minister of Economic Development and Trade, today announced support to DaimlerChrysler Canada Inc. (DCCI) as part of the company’s planned investments…
Continue ReadingOntario/Canadian government investing $635 million in GM
From the National Post: The GM job cuts will not affect the Ontario government’s plan to invest $435-million in the company as part of a project to upgrade the infrastructure and research capacities of the automaker’s plants in the province.…
Continue ReadingThe benefits of business investment
Occasionally, people post in this blog criticizing economic development success stories such as Ireland. On that point, I am unrepentant. Attracting large scale business investment into your province must be a top priority in poor places like New Brunswick. According…
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