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5 Minutes for Business: The Accelerating Pace of Change

13-12-2018

In this edition of 5 Minutes for Business, we examine the accelerating pace of change in our economy. For many sectors, the economic fundamentals, the borders of industries, the value of different assets and even the types of competitors are rapidly shifting.

While change to this degree can be uncomfortable or even destructive, it can also contain the seeds of opportunity. The uncertainty created by the accelerating pace of change begs caution, but ultimately fortune will favour the bold firms and governments that can seize upon the speed of the turning moment.

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News

The Economic Realities of Getting Canada’s Climate Policy Right: Canadian Chamber of Commerce report

(OTTAWA) – December 13, 2018 – The real debate happening over climate change in Canada is not whether we need to transition to a lower carbon economy, but how to get there.

“You can’t have a market-based approach to climate change without respecting the market and the input of business,” said the Honourable Perrin Beatty, President and CEO, Canadian Chamber of Commerce. “Business wants to play its part in the fight against climate change, but our public policy has to balance our climate objectives with the need to ensure Canada remains attractive to start or grow a business, and to invest. Done right, our policy framework will encourage investment in infrastructure and equipment that will lower national emissions and fund our transition. Achieving this balance will be tricky, but Canadian business is prepared to work with government to get there.”

The Chamber released a report today that focused upon a single question: what are the principles that will allow Canada’s climate policy to reduce greenhouse gas emissions at the lowest cost to our economy and way of life?

Posted on 13-12-2018

Federal and provincial leaders squander opportunity to address real issues affecting real Canadians

The Canadian Chamber of Commerce, which represents more than 200,000 businesses across Canada, issued the following statement at the conclusion of today’s First Ministers Meeting in Montreal:

“The Chamber is pleased to learn that the Government may be open to amendments to Bill C-69 to address concerns raised by industry, as the Chamber has been calling for on behalf of its members. We have proposed a number of amendments to address serious problems with the current draft and we look forward to working together with the Government to bring much-needed clarity to the bill.

However, we are disappointed that Canada’s First Ministers missed the opportunity to take real action in the national interest to resolve the pressing economic issues undermining Canadian jobs and economic security.  While the meeting resulted in productive talks, it did not result in real action, particularly in dealing with an oil and gas sector in crisis, nor was it ambitious in scope for the reduction of barriers in intra provincial trade.

Posted on 07-12-2018

Featured Publications

5 Minutes for Business: The Accelerating Pace of Change (December 2018)

This brief examines the accelerating pace of change in our economy.

A Competitive Transition: How smarter climate policy can help Canada lead the way to a low carbon economy (December 2018)

The real debate happening over climate change in Canada is not whether we need to transition to a lower carbon economy, but how to manage the process.

View All Publications