Trudeau government considering immediate $1-billion stimulus for hard-hit Alberta, Sa

[B00Mer]

Trudeau government considering immediate $1-billion stimulus for hard-hit Alberta, Saskatchewan

Canadian Prime Minister Justin Trudeau has decided to focus initial stimulus efforts in oil-producing Alberta and Saskatchewan, while waiting to assess whether further stimulus is needed nationwide, according to officials familiar with the plans.

The government is in talks to quickly allocate $1 billion for infrastructure projects in the two provinces — money earmarked by the previous government’s infrastructure fund but not yet delivered, two of the officials said. The move is part of a decision to prioritize new infrastructure in the two provinces because the impact of the oil-price shock is strongest there, said three government officials who spoke on condition of anonymity because budget decisions aren’t yet final.

As the economic outlook deteriorates, the government has been resisting pressure to dramatically change its fiscal plans, worried it would undermine a campaign pledge to be fiscally prudent. Trudeau campaigned in last fall’s federal election on a deficit of no more than $10 billion in his first year, a pledge he and his ministers have since tacitly abandoned. They now say the country’s debt-to-GDP ratio will continue to decline.

“We’re looking very, very hard at what needs to be done,” Trudeau told reporters Monday afternoon. “We’ve always said that being fiscally responsible while creating growth is at the heart of what the Liberal Party is, and that’s exactly what we’re going to do.”

Last week Canadian Imperial Bank of Commerce Chief Economist Avery Shenfeld said a deficit as deep as $30 billion was needed to revive growth, and this week former Bank of Canada Governor David Dodge urged Trudeau to ramp up fiscal stimulus to take the pressure off monetary policy.

Few Details

Trudeau and his cabinet spent Monday meeting in New Brunswick and emerged with few new details on what, if anything, his government will do to respond to sharp declines in the value of Canada’s currency and the price of oil.

Outside the oil-patch, the federal government is biding its time. It wants to avoid overreacting as it assesses the impact of the falling dollar and determines whether growth will rebound in the manufacturing provinces of Ontario and Quebec, one official said.

Infrastructure Minister Amarjeet Sohi — who represents an Alberta district — said cabinet is considering how to quickly allocate a total of $10 billion in infrastructure cash approved by the previous government. While the federal government typically splits major project costs with provinces and municipalities, Trudeau’s team is considering paying a larger share for projects they deem worthwhile, Sohi said in New Brunswick.

Finance Minister Bill Morneau said Monday morning he was still determining his spending plans but that the government would prioritize infrastructure that boosts “the long-run productive capacity of the country.”

Trudeau’s cabinet retreat concludes Tuesday, when he’s due to travel with Morneau and others to Davos for the World Economic Forum. Canada’s parliament is due to resume Jan. 25, with a budget typically expected in March.

source: Trudeau government considering immediate $1-billion stimulus for hard-hit Alberta, Saskatchewan | Financial Post

.......................

Just toss money at it.. never grow jobs by lessening restrictions on businesses.

 

[Curious Cdn]

I hope that it works and that Alberta stays prosperous.

 

[B00Mer]

I hope that it works and that Alberta stays prosperous.

It's no longer prosperous, it's a have not province now..

Credit rating lowered twice, debt sky rocketing.. and 40 more months of an NDP Government killing Alberta slowly.

 

[Curious Cdn]

It's no longer prosperous, it's a have not province now..

Credit rating lowered twice, debt sky rocketing.. and 40 more months of an NDP Government killing Alberta slowly.

It will not last forever.

 

[B00Mer]

It will not last forever.

They say for 10 years.. even after NDP is gone.

US oil plunges 6.7%, closes below $27 a barrel

 

[Curious Cdn]

They say for 10 years.. even after NDP is gone.

US oil plunges 6.7%, closes below $27 a barrel

Oil will stay below $30 a barrel for some time, maybe but a decade? Don't forget that we are only another crisis in the Middle East away from having their oil exports disrupted and we rely on our own resources in North America, again. It is so damn volatile and unpredictable that a ten year event horizon is way too long away.

 

[Nuggler]

They say for 10 years.. even after NDP is gone.

US oil plunges 6.7%, closes below $27 a barrel

dollar's up.

Welcome to the welfare province(s) club.8O

Get in line.

Take a number.

 

[mentalfloss]

We need to STOP BAILING OUT ONTARIO.

I mean Alberta.

 

[Curious Cdn]

Oh, brother.

 

[B00Mer]

dollar's up.

Really?

95 cents to the USD :lol:

 

[mentalfloss]

By the way this would be a massive victory move for the Liberals.

 

[Curious Cdn]

Actually, no. Dollar's down down down.

 

[mentalfloss]

It's kinda funny that the NDP will probably use this to fund solar.

 

[petros]

Wow, just wow.

Anyhoo highway 16 is the APG Corridor. Ever heard of it?

It was nice to reannounce what was already in the several of the last budgets.

Infrastructure Minister Amarjeet Sohi — who represents an Alberta district — said cabinet is considering how to quickly allocate a total of $10 billion in infrastructure cash approved by the previous government

.
2015

Harper government invests in new Asia-Pacific Gateway transportation infrastructure projects - July 29, 2015
Government of Canada and Port Metro Vancouver announce funding for shore power for container vessels - July 22, 2015
Minister Raitt advances transportation collaboration with South Korea - July 17, 2015
Minister Raitt meets with Alberta Enterprise Group to talk about the future of transportation
- July 9, 2015
Harper Government helps address skills shortages in support of the Asia-Pacific Gateway and Corridor
- July 8, 2015
Two roadway projects improve traffic and expand capacity in Richmond, British Columbia - July 7, 2015
Harper Government invests in safe marine shipping - July 6, 2015
Government of Canada marks milestone in Canada-China civil aviation trade - June 12, 2015
Canada-China Bilateral Aviation Technical Arrangement for Aeronautical Products - June 12, 2015
Appointments to the Port Alberni Port Authority - June 4, 2015
Appointment to Ridley Terminals Inc. - June 3, 2015
Minister Raitt highlights need for transportation industry innovation and adaptability - May 25, 2015
Joint infrastructure investment unlocks growing Canadian trade opportunities - May 19, 2015
North Vancouver's Low Level Road Project now complete, as new section of Spirit Trail officially opened March 19, 2015
Government of Canada launches call for proposals for job-creating and export-enhancing infrastructure projects in BC - March 13, 2015
Appointment to the Nanaimo Port Authority, Three-year mandate for Ms. Audrey C. Cope - February 11, 2015
2014

The Government of Canada and Port Metro Vancouver announce the completion of the Roberts Bank Causeway Overpass - October 24, 2014
ACTIVE-AURORA project launched at the University of Alberta - October 22, 2014
The governments of Canada and British Columbia announce funding for a key component of the Asia-Pacific Gateway - October 17, 2014
Governments unveil new model for Port Metro Vancouver's Container Trucking Industry - October 15, 2014
Canada's gateway to Asia-Pacific stronger with completion of Roberts Bank projects - September 4, 2014
Minister Raitt highlights benefits of dialogue to achieve a strong air and tourism industry - July 23, 2014
South Shore Trade Area Projects to Boost Canada's Trade in the Asia-Pacific Region - July 23, 2014
Investment at Nanaimo Airport - July 22, 2014
Minister Raitt meets with important Western trade and commerce stakeholders at the Vancouver Board of Trade - July 21, 2014
Ministers Raitt and Findlay host a roundtable discussion on Canada's Asia-Pacific Gateway - July 21, 2014
Investment at the Prince Rupert Airport - July 9, 2014
Investment at Port Metro Vancouver increases agricultural shipping capacity - July 8, 2014
Government of Canada announces funding to improve trucking efficiency at Canada's busiest port - June 12, 2014
Three new overpasses improve traffic and expand capacity of Roberts Bank Rail Corridor - June 6, 2014
ASEAN Delegation Wraps up First Trade Visit to Canada - June 5, 2014
Minister Fast Welcomes First ASEAN Trade Delegation to Canada - June 2, 2014
Completion of Ashcroft Terminal's Expansion - May 21, 2014
2013

South Fraser Perimeter Road completed, officially opens today - December 21, 2013
PM welcomes the completion of CentrePort Canada Way in Winnipeg - November 22, 2013
Harper government and Port Metro Vancouver announce funding for new marine container examination facilities - September 4, 2013
New online traffic map unveiled for Metro Vancouver - August 14, 2013
China Eastern Airlines announces doubling of daily YVR-Shanghai Service - July 19, 2013
Harper Government announces funding for short-sea shipping feasibility study in Port Alberni, British Columbia - July 3, 2013
Harper Government announces funding for short-sea shipping project in Nanaimo, British Columbia - July 3, 2013
Strengthening Canada's Asia-Pacific Gateway: Edmonton intermodal project will grow exports and benefit the local economy - April 26, 2013
Deeper Canada-Japan Trade and Investment Will Create Jobs, Growth and Long-Term Prosperity - April 25, 2013
Harper Government Secures Additional Capacity for Export of Canola to China - April 16, 2013
Fast Sees Benefits of Asia-Pacific Gateway in Hong Kong - April 13, 2013
Harper Government Concludes Successful Trade Mission to China and Japan - April 12, 2013
Canada's Asia-Pacific Gateway: Linking Canada and China - April 8, 2013
Harper government announces new project for job-creating and export-enhancing infrastructure along BC’s Highway 91 - March 28, 2013
Minister Fast Highlights Canada’s Commitment to Creating New Opportunities for Innovative Canadian Exporters - March 15, 2013
Harper Government Marks Conclusion of Latest Round of Trans-Pacific Partnership Negotiations - March 12, 2013
Construction of $90-million Road, Rail and Utility Corridor at Port of Prince Rupert will support billions in new terminal developments and increase Canadian trade capacity and exports to Asia-Pacific markets - March 8, 2013
Helping grow Canada’s exports to fast-growing Asian markets through Vancouver’s South Shore Trade Area - February 21, 2013
Minister Fast holds pre-budget consultation with B.C. business leaders - February 20, 2013
Harper government partners with Port Metro Vancouver to improve movement of exports through the Asia-Pacific Gateway to fast-growing Asian markets - January 24, 2013
Canada Expands Capacity to Export Beef to China - January 11, 2013
2012

Harper Government Advances Pro-Trade Plan to Open New Markets in 2012 - December 27, 2012
Minister Lebel discussed transportation, trade and the budget with the GTA Chinese-Canadian community - December 18, 2012
The Harper government moves to strengthen rail freight service - December 11, 2012
South Fraser Perimeter Road opens Dec. 1 - November 30, 2012
Minister Lebel promotes aviation and trade cooperation in China - November 13, 2012
Boosting Canada's Asia-Pacific Gateway advantage - October 30, 2012
Easing congestion in Surrey and Langley will boost Asia-Pacific Gateway's competitive advantage - October 19, 2012
Canada formally joins Trans-Pacific Partnership - October 9, 2012
52 Street S.E. to reopen September 29, 2012 - September 29, 2012
Minister Fast welcomes Chinese counterpart Chen Deming to Canada - September 23, 2012
Opening new markets and increasing Canadian exports generates jobs – Creating benefits for middle-class families: report - September 11, 2012
Minister Fast wraps up successful trade mission to Southeast Asia - September 4, 2012
Minister Fast announces creation of Canada-ASEAN Business Council - August 31, 2012
International Trade Minister deepening Canada's ties in fast-growing markets with trade mission to Southeast Asia - August 26, 2012
Consultations on next phase of government's pro-trade plan to take place in Vancouver - August 24, 2012
Consultations on next phase of government's pro-trade plan to take place in Vancouver - August 23, 2012
Consultations on next phase of government's pro-trade plan to take place in Calgary - August 22, 2012
Consultations on next phase of government's pro-trade plan to take place in Saskatoon - August 22, 2012
Consultations on next phase of government's pro-trade plan to take place in Winnipeg - August 21, 2012
Canada-China economic complementarities study released - August 15, 2012
Minister Fast concludes &quotwestward march&quot Asia-Pacific Gateway consultations - July 20, 2012
Bank Rail Corridor Project Highlights Commitment to Improving Transportation Infrastructure - July 15, 2012
Appointment to the Port Alberni Port Authority - June 28, 2012
Harper government welcomes Sichuan Airlines' inaugural passenger flight- June 22, 2012
Canada and India sign Memorandum of Understanding to enhance cooperation in road transportation - June 11, 2012
Canada and the United States announce air cargo security improvements - May 31, 2012
Funding for shore power at Canadian ports to boost business and tourism and protect the environment - May 4, 2012
Canada discusses the importance of transportation and trade to the economy at the International Transport Forum's 2012 summit - May 3, 2012
Canada meets with Chinese representative at the International Transport Forum's 2012 summit - May 3, 2012
MP Tweed addresses transportation and innovation at the Chartered Institute of Logistics and Transport in North America annual conference - April 30, 2012
Transport Canada and Green Marine sign memorandum of cooperation to strengthen marine environmental performance - April 23, 2012
Appointment to the Prince Rupert Port Authority - April 16, 2012
Minister Fast highlights commercial successes in Japan - March 26, 2012
Harper government further strengthens Canada's Asia-Pacific Gateway advantages- February 23, 2012
Canada's Asia-Pacific Gateway gets stronger- February 22, 2012
Canada-China Foreign Investment Promotion and Protection Agreement (FIPA)- February 8, 2012
Harper government invests in Canadian ports - January 25, 2012
Asia-Pacific Gateway facilitates record lumber exports - January 19, 2012
2011

Roberts Bank Rail Corridor upgrades benefit communities, boost Asia-Pacific trade - December 20, 2011
International Trade Minister Ed Fast Advances Canada’s Economic Interests in Asia-Pacific Region - November 14, 2011
Expanding Canada’s Trade and Investment Ties in Asia-Pacific Region a Harper Government Priority - November 10, 2011
International Trade Minister Ed Fast Concludes Trade Mission to India - November 9, 2011
Harper Government Focused on Economy - November 6, 2011
Canada Committed to Opening New Global Markets for Canadian Businesses - November 5, 2011
Canada’s International Trade Minister Ed Fast Holds Second Annual Dialogue with India’s Minister of Commerce and Industry Anand Sharma - November 3, 2011
International Trade Minister Undertakes Trade Mission to India to Deepen Canada-India Trade and Investment Ties - November 2, 2011
Minister Fast Highlights Harper Government’s Pro-trade Plan in Speech to Vancouver Board of Trade - October 28, 2011
International Trade Minister Ed Fast Visits Washington to Promote Vital Importance of Canada-U.S. Trade and Defend Canadian Interests - October 18, 2011
Minister Ed Fast Wraps Up Successful Six-City Trade Visit to China - October 14, 2011
Canada’s Exports to China, Including of High-Quality Natural Resources, Increasing Thanks to Asia-Pacific Gateway and Corridor Initiative - October 14, 2011
Minister Fast Undertakes Trade Visit to China to Drive Canada’s Success in Key Priority Market - October 7, 2011
Trade with Asia key to Canada's long-term prosperity and growth, says International Trade Minister Ed Fast - October 3, 2011
Minister Fast announces trade and investment framework that will deepen Canada's ties with Southeast Asia - October 2, 2011
Canadians to benefit from Expanded Bilateral Air Agreement with Japan - October 1, 2011
Harper government reaffirms committment to growing Canada's Asia-Pacific Gateway - September 23, 2011
Roberts Bank Rail Corridor upgrades benefit communities, boost Asia-Pacific trade - September 16, 2011
Canada takes part in an important Asia-Pacific conference - September 15, 2011
Canada announces participation at important Asia-Pacific conference - September 12, 2011
B.C. and other Canadian exports now flying direct to China - August 29, 2011
Closer Canada-China economic ties a Harper government priority - August 17, 2011
Closer Canada-China Economic Ties Will Create Jobs and Opportunity for Canadians - July 13, 2011
Canada welcomes China Southern Airlines inaugural flight - June 15, 2011
Closer Economic Ties with India Will Create Jobs and Opportunities for Canadians - June 9, 2011
Minister Raitt visits Port Metro Vancouver to highlight historic agreement - May 10, 2011
Strahl meets with West coast supply chain stakeholders - January 13, 2011
2010

Minister Day highlights trade potential with Vietnam while promoting Asia-Pacific Gateway - November 12, 2010
Minister Day highlights Asia-Pacific Gateway as direct link to North America - November 9, 2010
Minister Day reports progress on the Asia-Pacific Gateway - October 1, 2010
Government of Canada funds green port project in Prince Rupert - September 14, 2010
Better Access to CN Intermodal Facility for Shippers in Northern B.C. - September 10, 2010
Ridley Terminals Inc. on course for Record Year - August 17, 2010
Ministers Day and Baird tour port facilities in British Columbia - July 20, 2010
The Government of Canada supports Ashcroft Terminal's expansion - July 14, 2010
North Shore of the Asia-Pacific Gateway keeps expanding - July 14, 2010
Road construction for Canada's inland port begins - June 18, 2010
Construction begins on the Circle Drive South project - May 28, 2010
Minister Day strengthens transportation ties with Japan - May 21, 2010
The Asia-Pacific Gateway: Key to strengthening our relations with China - May 19, 2010
Minister Day oversees new port agreement to attract Asia-Pacific Gateway business - May 18, 2010
State-of-the-art dockside Ganrty cranes now operating at Deltaport - January 18, 2010
Government of Canada takes action to facilitate shortsea shipping - January 15, 2010
Promotional Video Launch: The Asia-Pacific Gateway helps you connect to opportunities - January 15, 2010
2009

China grants Canada Approved Destination Status - December 3, 2009
PM announces funding for South Shore Trade Area - October 13, 2009
The Governments of Canada and Manitoba announce new measures to attract investment and boost trade - October 8, 2009
Canada and the Republic of Korea Reach Blue Sky Air Transportation Agreement - July 15, 2009
Baird to visit China - Minister on Mission to strengthen ties, boost travel and trade - July 12, 2009
Minister Day Concludes Successful Trade Mission to Japan and China - April 16, 2009
Minister Day Launches New Trade Offices in China to Help Canadian Business - April 14, 2009
Minister Day Sparks Initiatives to Spur Economic Partnership with Japan - April 11, 2009
Canada and Japan expand bilateral air transport agreement - April 9, 2009
Governments of Canada, British Columbia and partners deliver new infrastructure funding - March 27, 2009
PM joins Premier Campbell for official start of construction on South Fraser Perimeter Road - January 12, 2009
2008

Federal-provincial partnership completes highway 16 improvements - December 19, 2008
Pitt River Bridge Project Marks Milestone - October 27, 2008
The Government of Canada invests over $20 million in British Columbia's transportation system - September 5, 2008
The Government of Canada will invest over $3.5 million in Prince George, B.C. transportation infrastructure - September 2, 2008
Prince George Airport approved for international air cargo transshipment program - July 24, 2008
Prime Minister Harper announces new bridge to complete ring road and ease traffic congestion in Saskatoon - June 20, 2008
The Government of Canada and the City of Calgary invest in infrastructure - June 6, 2008
Minister Emerson concludes successful visit to China - May 22, 2008



Top of Page


2007

Government of Canada Integrates B.C. Lower Mainland Port Authorities - December 21, 2007
Canada's Government Announces Air Transport Agreement with Republic of Singapore - November 7, 2007
Government of Canada announces improvements to the Roberts Bank Rail Corridor - June 28, 2007
Canada’s New Government announces project in Winnipeg for the Asia-Pacific Gateway and Corridor Initiative - May 24, 2007
Canada’s New Government announces projects in Saskatoon for the Asia-Pacific Gateway and Corridor Initiative - May 24, 2007
Canada’s New Government announces project in Edmonton for the Asia-Pacific Gateway and Corridor Initiative - May 24, 2007
Canada’s New Government announces projects for the Asia-Pacific Gateway and Corridor Initiative - May 11, 2007
Prime Minister Stephen Harper speaks to the International Conference on Gateways and Corridors - May 4, 2007
Governments break ground on first gateway project - February 9, 2007
Minister Emerson in Shanghai to promote Asia-Pacific Gateway and Corridor to Chinese traders and investors - January 18, 2007
Minister Emerson signs Memorandum of Understanding for cooperation on gateways and corridors with China - January 16, 2007
Minister Emerson to visit China - January 10, 2007
2006

Strategic advisors appointed for Asia-Pacific Gateway and Corridor Initiative - December 8, 2006
Canada's New Government moves to improve efficiency at British Columbia lower mainland ports - November 29, 2006
“Blue Sky to boost Asia-Pacific Gateway” - Emerson - November 28, 2006
Prime Minister Harper launches Asia-Pacific Gateway and Corridor Initiative - 11 October 2006
More railway crossing improvements in British Columbia - July 25, 2006
Regulations to stabilize container trucking industry in British Columbia Lower Mainland - April 20, 2006
International Trade Minister David Emerson continues dialogue with Pacific Gateway stakeholders - March 31, 2006

All infratructure news releases for just ONE prtoject.

How many of the did you post flossbag?

 

[Curious Cdn]

I just lost my will to live somewhere on page twelve.

 

[petros]

News Releases

 

[IdRatherBeSkiing]

Actually, no. Dollar's down down down.

It hit a low midday at under 68.5 cents and recovered to just over 69 cents. So it is up as it has been below 69 cents for several days. The fact the BoC decided not to reduce interest rates to stimulate the economy is the reason for the 'modest' recovery. Of course this still leaves the issue of the unstimulated economy.

 

[petros]

Justin is working to overcome the challenges of the global issues multiculturally diverse Canadians like you and I face.

Climate change.

Amen

 

[personal touch]

It's no longer prosperous, it's a have not province now..

Credit rating lowered twice, debt sky rocketing.. and 40 more months of an NDP Government killing Alberta slowly.

Alberta is prosperous,the only problem i know is it has been under dictatorship of bad management,this management turned Alberta from prosperous to up for auction,Alberta became an oportunist government,losing it way,losing its pride,just plain old mixed up,what a shame.

Alberta, or the old Alberta died a while back,before the NDP government,
this province is in a deep denial,the other type of grief process,but it is time to run with what opportunities are before us and get people back working,
Alberta has a new brand,and it dam well feels good.

We need to STOP BAILING OUT ONTARIO.

I mean Alberta.

All i know about Ontario,well i know a few things,but the one thing which popped into my head is the money available for publications,
i did some information auditing on the use of money for publications,all I can say is "wow".
Using public money to promote prescribed agendas through the publication process took me some neat and far out places within the Ontario government and extentions of the Ontairo government.
one of my first letters to the new Premier of Ontario ,Honourable Ms Wynn was to ask for an assessment of the use of public money for publication purposes,particularly along side with the lobbying process,I think I directed an assessment of "arms length institutions of public service which present as using the publication process to mobilize lobbying agendas,asking if this appropriate use of public money.
it is best to leave Alberta alone,and concentrated on Ontario,good luck,
it is important people get back to work.

News Releases

i wish i new how to play the stock market better,i think i would have lots of money if i least learnt a little.
thanks petros for reminding me,how i constantly miss opportunities.

 

[Cannuck]

They say for 10 years.. even after NDP is gone.

Why the price of oil will recover faster than you think - 24News.ca