Canada column for Sunday, April 3/16
THE CANADIAN REPORT
(c) By Jim Fox
Canadians might want to prepare to welcome millions of fleeing Americans should polls be correct that Donald Trump might win the presidency.
A survey conducted by Vox.com of 2,000 registered voters showed 28 percent claimed they’d likely “consider moving to another country, such as Canada” with a Trump victory.
And, they wouldn’t be hampered by a large wall at the border between the U.S. and Canada.
Prime Minister Justin Trudeau said claims of Americans wanting to move to Canada occur after every U.S. election.
It happened, however, when George W. Bush was elected in 2004, with immigration to Canada doubling by 34,000 Americans in a decade.
With Trump’s campaign promises and popularity, searches online about “how to move to Canada” have surged, according to Simon Rogers of Google.
The Canadian technology industry that has long lost talented workers to the U.S. is fighting back seeking Silicon Valley, California talent over concerns about Trump.
Sortable, a Kitchener, Ontario tech company, has been running Facebook ads featuring a photo of Trump with the tag line: “Thinking of moving to Canada? Sortable is hiring.” http://sortable.com/careers-at-sortable/
Cape Breton, Nova Scotia radio host Rob Calabrese has set up a website called “CapeBretonIfDonaldTrumpWins,” offering to provide a new home for anyone seeking refuge.
Canada’s lower-valued dollar, now at 76 cents U.S., has been a benefit for most businesses, the Bank of Canada says.
The central bank found that most companies polled in a business outlook survey reported increasingly tangible benefits since falling oil prices drove the dollar down.
The weaker dollar makes Canada’s products less expensive on the world market.
As well, the survey found some of the companies have had less competition from U.S. businesses and others have benefited from increased tourism to Canada.
The negatives include having to pay more for equipment and products priced in U.S. dollars and businesses in the energy sector.
News in brief:
- Marco Muzzo, 29, of Vaughan, Ontario was sentenced to 10 years in prison for a drunk-driving crash that took the lives of three children and their grandfather. Superior Court Judge Michelle Fuerst said his decision to drink and drive last Sept. 27 “decimated an entire generation” of the Neville-Lake family. He will be prohibited from driving for 12 years after his release from prison, possibly on parole in as soon as three years.
- The Quebec government has decided it will only pay about $50,000 of the cost of the funeral for Rene Angelil, late husband of singer Celine Dion. The final bill for the January funeral attended by 2,000 people was about $700,000. The government had offered to host a state funeral but it ended up costing about 10 times the usual price for such events. It’s not yet known who will pay the rest.
Facts and figures:
Canada’s dollar has advanced to 76.68 cents U.S. while the U.S. dollar returns $1.304 in Canadian funds, before bank exchange fees.
The Bank of Canada’s key interest rate is steady at 0.5 percent while the prime-lending rate is 2.7 percent.
Markets are lower, with the Toronto Stock Exchange index at 13,383 points and the TSX Venture index 577 points.
The average price for gas nationally has risen to 96.6 cents a liter or $3.67 (Canadian) for a U.S. gallon.
Lotto 6/49: (March 30) 14, 27, 28, 30, 45 and 46; bonus 44. (March 26) 9, 11, 20, 22, 37 and 46; bonus 47. Lotto Max: (March 25) 1, 6, 15, 32, 42, 45 and 46; bonus 44.
- Canada’s two largest chicken barbecue restaurants – Swiss Chalet and St-Hubert – will soon have a common owner. Cara Operations, operator of Swiss Chalet, will pay $537 million to take over the Quebec-based St-Hubert with 117 restaurants. Cara is Canada’s third-largest restaurant company with 1,010 franchised and corporate units.
- The federal government will spend $3 billion over five years for infrastructure, heritage, visitor, waterway and highway improvements at national historic sites, national parks and marine conservation areas. That includes $39 million for Banff National Park, established in 1885 in Alberta, to aid species at risk and improve the forest ecosystems.
Jim Fox can be reached at email@example.com