Alberta
U.S. President Joe Biden’s long-awaited Canada visit to happen March 23-24
WASHINGTON — U.S. President Joe Biden will travel to Ottawa on March 23 to meet with Prime Minister Justin Trudeau on Canadian soil, his first visit north of the border since taking the oath of office in 2021.
The White House said the president and his wife Jill Biden will spend two days in Canada, although a detailed itinerary has not yet been released.
The two leaders will discuss an ongoing upgrade of the jointly led Norad continental defence system, which came under heavy scrutiny last month following the discovery of a Chinese surveillance balloon over U.S. and Canadian airspace.
They will also discuss how to fortify shared supply chains, combat climate change and “accelerate the clean energy transition,” the White House said in a statement.
Biden will also address a joint session of Parliament “to highlight the importance of the United States-Canada bilateral relationship.”
A visit to Canada is customarily one of a new U.S. president’s first foreign trips, a tradition upended two years ago by the COVID-19 pandemic. Like the rest of the world at the time, the two leaders settled for a virtual meeting instead.
The virus interfered in Canada-U.S. relations again in 2022, when Biden tested positive for COVID a second time, forcing the White House to scrap its plan for a summertime visit that year.
Delayed though it may be, it will be an important bilateral meeting for both countries, said Scotty Greenwood, CEO of the Canadian American Business Council.
“It’s an occasion which focuses a bureaucracy on the breadth and depth of bilateral and multilateral issues … and that’s a really good thing, because it causes everybody here to focus on Canada,” Greenwood said.
“It also allows the president himself to think about and reflect on Canada in the context of all the other global relationships the U.S. has, and that can be a very good thing.”
In the end, however, it’s essential that the federal government in Ottawa make the most of the opportunity, she added.
“The extent to which Canada wants to lean in and try to help solve some of the pain points the U.S. has is a good opportunity for Canada,” Greenwood said. “We won’t know until the visit happens if Canada wants to do that.”
As always, the two leaders have a lot to talk about — much of it a direct offshoot of the pandemic as both countries recalibrate their domestic and international supply chains, bilateral travel rules and economic recovery efforts, all of it with an eye toward arresting the march of climate change around the world.
Strategies to minimize dependence on China for critical minerals and semiconductors, two vital components in the global push to expand the popularity of electric vehicles and fuel what some experts liken to a post-pandemic industrial revolution, are sure to be high on the agenda.
So too will be a united front in opposing Russia’s continued aggression in Ukraine, as well as what to do about Haiti, where Canada is facing international pressure to take a lead role in quelling widespread gang violence.
There will be bilateral tensions to address as well.
The post-NAFTA era, where the U.S.-Mexico-Canada Agreement is now the law of the land in continental trade, has been marked by irritants, including access to Canada’s dairy market and how the U.S. defines foreign content in autos.
Immigration has also become a hot topic: while Republican lawmakers usually have a singular focus on the flow of migrants across the U.S.-Mexico border, a spike in the number of people entering from Canada has also caught their eye.
Trudeau has publicly acknowledged that the two countries need to renegotiate the 2004 Safe Third Country Agreement in order to staunch the flow of irregular migration into Canada, but there’s little appetite in the U.S. to do so.
Even so-called trusted travellers are having a harder time than they did before the pandemic, with the fast-track program known as Nexus having been hampered by a cross-border jurisdictional squabble.
The White House said “irregular migration and forced displacement throughout the region” will indeed be on the agenda, but offered no additional details.
Biden’s speech to Parliament will follow in the footsteps of his former boss, then-president Barack Obama, who made a similar address when he last visited Ottawa in June of 2016.
Biden himself visited the national capital in December of that year, as Obama’s second term was winding down and the world was bracing for the inauguration of his Republican successor, Donald Trump.
“I know sometimes we’re like the big brother that’s a pain in the neck and overbearing … but we’re more like family, even, than allies,” the vice-president at the time said during a state dinner in his honour.
He cheered Canada’s role in defending and strengthening what he called a “liberal international order” amid the rise of authoritarianism around the world, perhaps sensing what the next four years had in store.
“We’re going to get through this period because we’re Americans and Canadians, and so had I a glass I’d toast you by saying, ‘Vive le Canada,’ because we need you very, very badly.”
This report by The Canadian Press was first published March 9, 2023.
James McCarten, The Canadian Press
Alberta
Alberta government should eliminate corporate welfare to generate benefits for Albertans
From the Fraser Institute
By Spencer Gudewill and Tegan Hill
Last November, Premier Danielle Smith announced that her government will give up to $1.8 billion in subsidies to Dow Chemicals, which plans to expand a petrochemical project northeast of Edmonton. In other words, $1.8 billion in corporate welfare.
And this is just one example of corporate welfare paid for by Albertans.
According to a recent study published by the Fraser Institute, from 2007 to 2021, the latest year of available data, the Alberta government spent $31.0 billion (inflation-adjusted) on subsidies (a.k.a. corporate welfare) to select firms and businesses, purportedly to help Albertans. And this number excludes other forms of government handouts such as loan guarantees, direct investment and regulatory or tax privileges for particular firms and industries. So the total cost of corporate welfare in Alberta is likely much higher.
Why should Albertans care?
First off, there’s little evidence that corporate welfare generates widespread economic growth or jobs. In fact, evidence suggests the contrary—that subsidies result in a net loss to the economy by shifting resources to less productive sectors or locations (what economists call the “substitution effect”) and/or by keeping businesses alive that are otherwise economically unviable (i.e. “zombie companies”). This misallocation of resources leads to a less efficient, less productive and less prosperous Alberta.
And there are other costs to corporate welfare.
For example, between 2007 and 2019 (the latest year of pre-COVID data), every year on average the Alberta government spent 35 cents (out of every dollar of business income tax revenue it collected) on corporate welfare. Given that workers bear the burden of more than half of any business income tax indirectly through lower wages, if the government reduced business income taxes rather than spend money on corporate welfare, workers could benefit.
Moreover, Premier Smith failed in last month’s provincial budget to provide promised personal income tax relief and create a lower tax bracket for incomes below $60,000 to provide $760 in annual savings for Albertans (on average). But in 2019, after adjusting for inflation, the Alberta government spent $2.4 billion on corporate welfare—equivalent to $1,034 per tax filer. Clearly, instead of subsidizing select businesses, the Smith government could have kept its promise to lower personal income taxes.
Finally, there’s the Heritage Fund, which the Alberta government created almost 50 years ago to save a share of the province’s resource wealth for the future.
In her 2024 budget, Premier Smith earmarked $2.0 billion for the Heritage Fund this fiscal year—almost the exact amount spent on corporate welfare each year (on average) between 2007 and 2019. Put another way, the Alberta government could save twice as much in the Heritage Fund in 2024/25 if it ended corporate welfare, which would help Premier Smith keep her promise to build up the Heritage Fund to between $250 billion and $400 billion by 2050.
By eliminating corporate welfare, the Smith government can create fiscal room to reduce personal and business income taxes, or save more in the Heritage Fund. Any of these options will benefit Albertans far more than wasteful billion-dollar subsidies to favoured firms.
Authors:
Alberta
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