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Here’s what MP Leona Alleslev said in the House of Commons as she crossed the floor to join the Official Opposition

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Statement in the House of Commons – September 17, 2018

LEONA ALLESLEV · MONDAY, SEPTEMBER 17, 2018

When I became an officer in the Royal Canadian Air Force, I swore an oath to give my life for Queen and Country – to serve and defend Canada, and the values for which it stands.
A country, its sovereignty, and values are fragile. Vigilance in defending our nation’s freedom, and service to country, is who I am at my core.
When I left the military, I hung up my uniform, but I never “unswore” my oath. And now I serve Canadians by representing the people of Aurora-Oak Ridges-Richmond Hill as their Member of Parliament.
I am deeply concerned for the future of our country. After 3 years of hope and hard work, I find myself asking:
“Am I doing everything I can to serve my country and work for real change for Canadians?”
Canadians expect – and deserve – nothing less. The citizens of my riding, and all Canadians, need a government that delivers foundational change for the things that matter.
The world has changed dramatically in the last three years. We find ourselves in a time of unprecedented global instability. We are seeing fundamental shifts in the global economy, while trade relationships, international agreements, and defence structures are under threat. Canada faces a perfect storm of serious challenges at home and abroad.
Here at home, we see large amounts of capital investment leaving Canada while tax structures, federal infrastructure problems and politics prevent us from getting goods to market, deter companies from expanding and undermine our competitiveness. For the first time in many years, Canadians don’t believe that tomorrow will be better than today and that their children’s future will be than theirs.
This is not a strong economy.
Beyond our borders, our position remains vastly diminished. Our foreign policy is disconnected from our trade relationships and our ability to deliver on our defence commitments is undermined by politics.
And on the world stage Canada has yet to rise to the occasion. The world has changed, and Canada must change with it. We don’t have the luxury of time.
We must recognize that foreign policy, trade, defence, and our economy all depend on each other and can’t be viewed separately.
As a former Air Force Officer, a global business consultant at IBM, an aircraft manufacturing manager at Bombardier, and a small business owner. I understand the role and impact of government actions on Canada’s economy.
To have a strong economy and a strong country we need strong Federal leadership to rebuild our nation’s foundations; tax reform, employment reform, federal infrastructure, a comprehensive foreign policy, and a modernized military to reassure our allies and defend Canada’s interests at home and abroad.
Our parliamentary system consists of political parties. However, political parties are only made up of the people who are in them at the time and must also be judged by what the country needs at the time. Today, we find ourselves at a tipping point in our country’s history.
It’s my duty to stand and be counted. Our country is at risk. My attempts to raise my concerns with this government were met with silence.
The government must be challenged openly and publicly. But for me to publicly criticize the government as a Liberal, would undermine the government and, according to my code of conduct, be dishonourable.
After careful and deliberate consideration, I must withdraw from the government benches to take my seat among the ranks of my Conservative colleagues and join Her Majesty’s Loyal Opposition whose role it is to challenge and hold the government to account.
Le gouvernement doit être défié ouvertement et publiquement. Mais, pour moi, critiquer le gouvernement comme libérale, minerait le gouvernement, et serait un déshonneur selon mon code de conduite.
Après une réflexion délibérée et attentive, je dois quitter les banquettes du gouvernement, pour prendre place parmi mes collègues conservateurs et joindre la Loyale Opposition de Sa Majesté dont le rôle est de contester et demander des comptes au gouvernement.
The Leader of Her Majesty’s opposition is committed to delivering foundational changes to strengthen Canada’s economy, and a comprehensive foreign and defence policy that ensures our global competitiveness and security.
I look forward to working with my Conservative colleagues who are unafraid to do the real work to tackle the priorities of our time.
To my Liberal colleagues, I want to thank them for the opportunity to work with them and for their friendship. But my oath is to country, not party, and my sacred obligation is to serve my
constituents. I look forward to working with my Liberal colleagues, across the aisle, to shape the future of the country for all Canadians.
To my constituents, I want to re-assure them that I am the same person today that they elected on October 19, 2015. I believe in a strong, ethical Federal Government that unites us as Canadians. To achieve what they demand of me, I must change political parties.
I must do what is right, not what is easy.
I ask the citizens of Aurora Oak Ridges Richmond Hill to continue to hold me to account as I serve them and work as part of a new team focused on the fundamental challenges facing our riding and our nation.
And to all Canadians across this country – I say:
Challenge your Member of Parliament.
Demand that they work for you to strengthen our country’s foundations, foreign policy and global security.
Do not accept the status quo.
This is a time in our nation’s history where we must act with urgency. We must all, have the courage to do what is right not what is easy.
Our country is at stake.
Thank you.

Leona
Leona Alleslev, M.P.

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Economy

Ottawa’s homebuilding plans might discourage much-needed business investment

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From the Fraser Institute

By Steven Globerman

In the minds of most Canadians, there’s little connection between housing affordability and productivity growth, a somewhat wonky term used mainly by economists. But in fact, the connection is very real.

To improve affordability, the Trudeau government recently announced various financing programs to encourage more investment in residential housing including $6 billion for the Canada Housing Infrastructure Fund and $15 billion for an apartment construction loan program.

Meanwhile, Carolyn Rogers, senior deputy governor of the Bank of Canada, recently said weak business investment is contributing to Canada’s weak growth in productivity (essentially the value of economic output per hour of work). Therefore, business investment to promote productivity growth and income growth for workers is also an economic priority.

But here’s the problem. There’s only so much financial capital at reasonable interest rates to go around.

Because Canada is a small open economy, it might seem that Canadian investors have unlimited access to offshore financial capital, but this is not true. Foreign lenders and investors incur foreign exchange risk when investing in Canadian-dollar denominated assets, and the risk that Canadian asset values will decline in real value. Suppliers of financial capital expect to receive higher yields on their investments for taking on more risk. Hence, investment in residential housing (which the Trudeau government wants to promote) and investment in business assets (which the Bank of Canada warns is weak) compete against each other for scarce financial capital supplied by both domestic and foreign savers.

For perspective, investment in residential housing as a share of total investment increased from 22.4 per cent in 2000 to 41.3 per cent in 2021. Over the same period, investment in two asset categories critical to improving productivity—information and communications equipment and intellectual property products including computer software—decreased from 30.3 per cent of total domestic investment in 2000 to 22.7 per cent in 2021.
What are the potential solutions?

Of course, more financial capital might be available at existing interest rates for domestic investment in residential housing and productivity-enhancing business assets if investment growth declines in other asset categories such as transportation, roads and hospitals. But these assets also contribute to improved productivity and living standards.

Regulatory and legal pressures on Canadian pension funds to invest more in Canada and less abroad would also free up domestic savings for increased investments in residential housing, machinery and equipment and intellectual property products. But this amounts to an implicit tax on Canadians with domestic pension fund holdings to subsidize other investors.

Alternatively, to increase domestic savings, governments in Canada could increase consumption taxes (e.g. sales taxes) while reducing or even eliminating capital gains taxes, which reduce the after-tax expected returns to investing in businesses, particularly riskier new and emerging domestic companies. (Although according to the recent federal budget, the Trudeau government plans to increase capital gains taxes.)

Or governments could reduce the regulatory burden on private-sector businesses, especially small and medium-sized enterprises, so financial capital and other inputs used to comply with often duplicative or excessive regulation can be used to invest in productivity-enhancing assets. And governments could eliminate restrictions on foreign investment in large parts of the Canadian economy including telecommunications, banking and transportation. By increasing competition, governments can improve productivity.

Eliminating such restrictions would also arguably increase the supply of foreign financial capital flowing into Canada to the extent that large foreign investors would prefer to manage their Canadian assets rather than take portfolio investment positions in Canadian-owned companies.

Canadians would undoubtedly benefit from increases in housing construction (and subsequently, increased affordability) and improved productivity from increased business investment. However, government subsidies to home builders, including the billions recently announced by the Trudeau government, simply move available domestic savings from one set of investments to another. The policy goal should be to increase the availability of risk-taking financial capital so the costs of capital decrease for Canadian investors.

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National

British Columbia quickly shoots down bill to ban men from competing in women’s sports

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From LifeSiteNews

By Clare Marie Merkowsky

The provincial legislature of British Columbia quickly voted down a Conservative bill seeking to prohibit men who believe themselves to be women from participating in women’s sports.   

On April 30, British Columbia Members of the Legislative Assembly (MLAs) voted 51 to 27 against B.C. Conservative leader John Rustad’s bill to protect women from having to compete against men in sports.

“I’m proud to say before this House, the amazing women and girls who are here with us today, that this piece of legislation is not only the first of its kind in Canada, but it was an entirely female-led initiative from start to finish,” Rustad told the assembly.   

“The bill was written by women and girls for women and girls,” he added.  

Bill M214, the Fairness for Women’s and Girl’s Sports Act, would have mandated that all publicly-funded sports and athletic teams, events and tournaments be classified by sex. 

“Participation in a sporting team or event must be limited to individuals of the biological sex that corresponds to the sex classification of the sporting team or event,” the bill said.  

The bill provided an exception to allow women to participate in men’s sports, but men were banned from competing in women’s sports. The bill offered a provision for male and female players to play together in a co-ed league or event. 

“There are inherent differences between males and females, ranging from chromosomal and hormonal differences to physiological differences,” Rustad explained.  

“But more than the obvious differences, over time, women and girls have struggled to be identified as a person,” he stated. “They have struggled to have the right to vote. They have struggled to be allowed to be in certain places, and they have struggled to be paid fairly.” 

Rustad argued that sex-separated sports are “vital in order to maintain the fairness for women and girls’ athletic opportunities in British Columbia.”  

“I would urge all members of this House to vote in support of this legislation because we all deserve to live our lives with integrity,” he declared.  

However, the bill was quickly shut down in its first reading, with the ruling New Democratic Party (NDP) voting against the initiative.   

The vote was met with dismay by many Canadians, including female powerlifter April Hutchinson, who is known for speaking out against men dominating women’s sports.  

“Here is the complete list of members who voted for and against The Fairness in Women’s & Girls sports Act,” she posted on X, formerly known as Twitter.  

“British Columbia residents! Ask your MLA why they voted against protecting women and girls and hold them @bcndp accountable,” she encouraged.

“Again, a huge thanks to @JohnRustad4BC and the @Conservative_BC who displayed great courage respect and integrity today,” she declared.  

Rustad’s initiative is similar to legislation the neighboring province of Alberta has promised to pass which also seeks to bar men from women’s sports.

Regardless of the claims of LGBT activists, studies continue to back up the common sense reality that males hold a massive advantage over women in athletic competitions. A recent study published in Sports Medicine found that even a year of cross-sex hormones results in “very modest changes” in the inherent strength advantages of men.  

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