Tribute To The Canadian Forces – Remarks By Thomas d’Aquino, Chief Executive and President, Canadian Council of Chief Executives
Following is a transcript of remarks broadcast on the CBC Radio program "The House," January 18, 2009. Mr. d’Aquino was asked to summarize his advice to the federal government as it prepares this month’s budget. My name is Tom d’Aquino, and I am the Chief Executive and President of the Canadian Council of Chief Executives. To begin with, I think we need to pay attention to the context of this recession. Canadians are better off than many other people around the world, that’s true. But despite that our country is being side-swiped by events beyond our control — falling resource prices, tight credit markets and the sharp economic downturn in the United States. So, yes, we need to help those who are losing their jobs and their businesses, and that will mean higher government spending and larger deficits. But at the same time, I don’t think we should ever forget […]
Prime Minister Stephen Harper and other Canadian leaders should seize the opportunity to re-shape the Canada-United States relationship when President Obama visits Canada following the inauguration, says Thomas d’Aquino, Chief Executive and President of the Canadian Council of Chief Executives (CCCE). “The commitment of the President-Elect to deal with the severe economic crisis, to strengthen defences against terrorism and to re-define America’s position in the world offers Canadians an important opening,” Mr. d’Aquino said in remarks to a conference in Montreal hosted by the Canadian Bar Association and the American Bar Association. He was speaking on a panel with James Blanchard, former Michigan Governor and former United States Ambassador to Canada, moderated by Raymond Chrétien, former Canadian Ambassador to the United States. “We are each other’s largest market for goods and investment,” Mr. d’Aquino added. “Our industries are international, relying on shared strengths to compete with the world. We are bound by […]
The Canadian Council of Chief Executives (CCCE) today strongly endorsed the recommendations of the Expert Panel on Securities Regulation – in particular its call for a single national regulator to replace the existing system of 13 separate provincial and territorial regulatory agencies. “The current global financial crisis underscores the need for improved oversight of Canada’s capital markets,” said Thomas d’Aquino, the CCCE’s Chief Executive and President. “As the Panel makes clear, the best way to protect investors and to modernize Canada’s antiquated system of securities regulation is to establish a single securities regulator administering a single securities act.” Founded in 1976, the CCCE is the senior voice of Canadian business, representing the chief executives and leading entrepreneurs of 150 major enterprises in all regions and all sectors of the economy. In its final report, the Expert Panel on Securities Regulation concludes that the creation of a single national regulator is essential to […]
What Canada Needs Now To Respond To The Economic Crisis – A Statement of the Canadian Council of Chief Executives
Today’s recommendations by the Advisory Panel on Canada’s System of International Taxation would simplify Canadian tax rules and make the country a more attractive base for global enterprises, says the Canadian Council of Chief Executives (CCCE). “The Panel has offered a thoughtful package of pragmatic and balanced recommendations that would help Canadian enterprises to grow globally without any net cost to taxpayers,” said CCCE Chief Executive and President Thomas d’Aquino. “Improving our international tax system is essential to move Canada successfully through the current economic crisis, and should be addressed in the next federal budget.” Mr. d’Aquino welcomed in particular the recommendations to broaden the current exemption approach to cover all foreign active business income and to repeal the provision introduced in 2007 that eliminated the deductibility of interest on money borrowed in Canada for investment in foreign affiliates. “The global crisis in financial markets has made it harder for companies everywhere to raise […]
Canada is relatively well positioned to deal with the global economic crisis, but today’s federal Economic and Fiscal Statement shows that the government must use its available resources wisely, says the Canadian Council of Chief Executives (CCCE). “We are encouraged that the federal government is doing its best to avoid going into deficit. However, it will be able, if necessary, to open the spending taps to blunt the impact of the current global crisis precisely because it ran surpluses and paid down debt for so many years,” said CCCE Chief Executive and President Thomas d’Aquino. “The government must not waste its hard-won fiscal capacity. It must rebuild confidence by looking after Canadians who need help in the short term, but it should focus on measures that will put Canada quickly back on track toward robust and sustainable economic growth,” he added. “The unexpected severity of a crisis beyond Canada’s control means that […]
(As published in the National Post, November 20, 2008.) The following is an open letter from Thomas d’Aquino to the soon-to-be 44th President of the United States Dear President-Elect Obama, In exactly two months from today, you will stand on the steps of the United States Capitol and take the oath of office to become your country’s 44th president. Countless millions around the world will celebrate your inauguration, yet it is doubtful that you will have much time to savour the occasion. Rarely in recent history has an incoming administration inherited such seismic challenges: the global financial crisis, economic gloom and the threat of protectionism, two wars, international terrorism and the risk of global climate change, to name only a few. Fortunately, you and the American people do not confront these daunting challenges alone. Everywhere, friends and allies of the United States are committed to helping in the task of […]
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