My recent column suggested that Canada implement a "Buy Canadian" strategy associated with major natural resource developments, with the goal of enhancing Canadian content in the overall value chain.
We need a national strategy to maximize Canadian content in Canadian resource developments. Canada, for example, could impose a "Buy Canadian" requirement on future mining projects.
Last week, the Minister of Finance announced his aspiration to unilaterally eliminate Canada’s few remaining tariffs on imported machinery and equipment.
The $40 billion, 30-year program promises to create thousands of jobs over the long term.
Instead of hassling the U.S. about its local purchasing policies or volunteering to hobble local and provincial governments, Canada should be taking meaningful steps to reduce rising unemployment.
Here in Canada, the sudden demand to end local procurement is coming from the usual suspects at the Canadian Council of Chief Executives and Canadian Manufacturers and Exporters.