Unused money held by corporations should be used to boost economy: Bank of Canada governor

   Canada column for Sunday, Aug. 26/12

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   THE CANADIAN REPORT

   (c) By Jim Fox

   There’s too much “dead money” in Canada that should be working to improve the economy, the head of the country’s central bank says.

   Company owners are sitting on piles of cash that could be spent on expanding businesses or at least be given back to shareholders, said Bank of Canada governor Mark Carney.

   Speaking at a Canadian Auto Workers meeting, Carney said the level of caution by business owners “could be viewed as excessive.”

   A study said Canadian businesses have set aside $526 billion in unused cash assets.

   Business investment and consumer spending provide the “chief support” for the continuing economic recovery, he said.

   Ongoing international concerns have led to a “less robust” business investment than what was previously expected, causing some of the caution.

   Auto workers’ president Ken Lewenza called for some of that unused money to be reinvested into technology, the workplace, productivity and training.

Cross-border battle escalating over Canadian shoppers in Bellingham, Washington

   Canada column for Sunday, Aug. 19/12

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   THE CANADIAN REPORT

   (c) By Jim Fox

   A cross-border battle has broken out as many residents of Bellingham, Wash. are fed up with hordes of shoppers invading from Canada.

   Thousands of people have supported a Facebook page urging the Costco store in Bellingham, 30 miles south of British Columbia, to ban Canadian shoppers during specific American-only hours.

   “Bellingham Costco needs a special time just for Americans," residents say.

   Spurred by lower prices and taxes, Canadians are scooping up the bargains – in particular a gallon of milk at half the price, cheese and gasoline selling for one-third less.

   Numerous Canadians interviewed said they buy 15 to 20 gallons of milk at a time and fill up their cars and cans with gas before returning home.

   Bellingham relies on its Canadian visitors and shoppers, said Chamber of Commerce president Ken Oplinger.

   “In the last two years, our sales tax generation has doubled or tripled the pace in the rest of the state and its almost entirely because of the Canadians coming south,” he said.

   Just down the road in Burlington, Wash., Mayor Steve Sexton says Canadians and their money are welcome there.

   “We appreciate you and look forward to serving you,” he said on the Facebook page called “Burlington Washington Welcomes Our Canadian Friends and Neighbors.”

Environmental science to determine fate of proposed Northern Gateway oil pipeline plan: Harper

   Canada column for Sunday, Aug. 12/12

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   THE CANADIAN REPORT

   (c) By Jim Fox

   Science, not politics, will decide the fate of a proposed $6-billion twin pipeline to deliver oil to a British Columbia port for shipment to Asia, Prime Minister Stephen Harper said.

   Canada is looking to supply China and Asian countries with some its vast oil reserves now that the U.S. administration has rejected a proposed pipeline to move Alberta crude to Texas refineries.

   The Northern Gateway project would have two pipelines transport Alberta oil sands bitumen about 700 miles to a tanker terminal on the west coast near Kitimat.

   Scientific environmental reviews are underway with a deadline of Dec. 31 next year for the assessment to be complete.

   The pipeline is “obviously in the vital interests of Canada,” Harper said.

   The future is “going to be based on commerce with the Asia-Pacific region,” he added.

   Environmentalists and aboriginal groups are opposed to the plan while British Columbia Premier Christy Clark wants strict environmental protections and a greater share of royalties for the province.

No further duty-free shopping breaks for same-day trips

   Canada column for Sunday, Aug. 5/12

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   THE CANADIAN REPORT

   (c) By Jim Fox

   Canadians should expect no further duty-free breaks for shopping trips to the United States, Finance Minister Jim Flaherty says.

   The Canadian government has rejected a request from New York State Democratic Congressman Bill Owens seeking the duty exemption rules be made the same as for Americans shopping in Canada on same-day trips.

   Many Canadians make a run to the border in search of lower prices, a larger selection of goods and to pay only about half the sales taxes as at home.

   Duty-free exemptions for Canadians returning with goods were eased in June but not for same-day trips.

   “Our government has no plans to create an exemption for day trips under 24 hours as it would disadvantage retailers in border communities and elsewhere in Canada," Flaherty told Owens.

   U.S. residents can return home with $200 in duty-free goods for same-day trips.

   Canadian shoppers can now bring back $200 in goods after 24 to 48 hours and $800 for longer trips before duties apply.

U.S. portrayed as "softer, gentler" in ads in Canada

   Canada column for Sunday, July 29/12

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   THE CANADIAN REPORT

   (c) By Jim Fox

   A “softer, gentler America that looks a lot like Canada” is being portrayed in a tourism ad campaign called “Discover America.”

   The Canadian Broadcasting Corp. made that assessment of the campaign that depicts the U.S. with a diverse population and stunning landscapes.

   The U.S. is spending $20 million in Canada on ads at a time when money to promote Canadian tourism has been slashed by the federal government.

   This cross-border competition for tourists is “scaring the daylights” out of the tourism industry here, the Toronto Globe and Mail reported.

   It is said to be the first national effort to sell America to the rest of the world since the Reagan administration and has arrived in Canada, the United Kingdom and Japan.

   Ads will appear in Brazil, South Korea, Germany, Australia, China and India this fall and next year.

   The centerpiece TV commercial features the folksy Land of Dreams sung by Roseanne Cash accompanied by diverse musicians.

   Scenes of urban and nature vistas flash across the screen interspersed with multicultural images such as smiling women in hijab and musicians playing the sitar.

   “Discover this land as never before” is the tagline.

Woman killed in Colorado theater shooting narrowly missed being caught in deadly Toronto gang crossfire last month

   Canada column for Sunday, July 22/12

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   THE CANADIAN REPORT

   (c) By Jim Fox

   A Denver woman who narrowly missed being caught in a deadly shooting in a Toronto shopping mall was one of the victims of the carnage at a Denver-area movie theater.

   Jessica Ghawi, 24, was among 12 people killed when a gunman open fire in a packed theater during the Thursday night screening of Dark Knight Rises in Aurora, Colo.

   Ghawi, who tweeted under the name Jessica Redfield, said in a blog that she was "blessed" to have left the area moments before the June 2 incident at the Eaton Center while visiting Toronto.

   Two gang members were killed and seven people injured in the incident that was only the start of a summer of violence in the city once called “Toronto the Good.”

   In the worst mass shooting in Toronto’s history, two people attending a neighborhood barbecue were killed and 23 wounded in an exchange of gang-related gunfire.

   The attack in the east-end Scarborough community last Monday night was followed by random gun killings in each of the next two days across the city.

   Police, municipal, provincial and federal politicians as well as members of the city’s “African-Canadian” community are planning to meet in the coming week to review the incidents and discuss what more needs to be done.

Canada, U.S. to co-operate and control movement of people over their borders as part of new security pact

   Canada column for Sunday, July 15/12

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   THE CANADIAN REPORT

   (c) By Jim Fox

   Newly disclosed details indicate that Canada and the United States will co-operate more closely on documenting and controlling the movement of people across the world’s longest undefended border.

   The initiatives are described in briefing notes on the Canada-U.S. security agreement.

   The perimeter security plan aims to smooth the passage of people and goods across the 49th parallel border while bolstering defenses.

   One somewhat contentious goal is to keep track of everyone entering and leaving each country and sharing those details.

   This would entail an expanded exchange of simple biographic and biometric data, which could include fingerprints.

   Joining forces will also help to better deal with “irregular flows” of refugees that turn up in North America or migrate within the continent.

   Canada is also preparing to require all travelers to present a secure document such as a passport or enhanced driver’s license when entering the country, as is now required for everyone entering the U.S.