Canadian Prime Minister Harper is rather concerned about the latest acquisitions in the Canadian markets of goods and services. The thing is that the Canadian government needed to attract as many financial resources as possible and the only decision was to sell some of the greatest oil production companies to China.
The thing is that the buyer appeared to be a Chinese state owned company and the Canadian government experiences a sort of concern about the national security. Finally, the government decided to approve the sale of these companies but it states that the next time the government will be able to use all sort of checking before approving these deals. These purchases can be considered to be an exception and the next time the government will think twice before taking the approval decision. But the Canadian economy is not in that perfect condition to decline the investment projects like those. To attract a lot of investments, the Canadian government needs to take certain measures to get the financial resources to provide the support for different spheres of social and economic life. This year, the Canadian Prime Minister stated that the population of Canada will need to reduce their spending volumes as the situation is getting worse and the government experiences a sort of budget shortage.
That is why the Canadian government will need to take the strict measures in relation to spending money and if the situation in the United States does not change, Canada is needed to suffer from the fatal consequences of the recession. The thing is that the whole Canadian economy is concentrated on the export of different goods and services and if the countries will get into economic depression, the Canadian government will not find the needed financial resources to support all sorts of econmin expences. That is why the Canadian government needs to promote other projects to get the needed investments for the proper functioning of its economy. And one of these projects can be associated with the developing of the private business sector. That is why it is rather crucial to ease all the regulations and laws in the sphere of business relations.
Besides, certain real benefits in the sphere of taxation can be adopted so that people could start a new business and develop it into a real profitable company. It is needed to be said that the private business will provide a number of benefits for the government as well. The most crucial benefit of developing a private business sector is that people find the way to earn money by themselves. Besides, if they get the proper support from the government, they will be able to create a lot of jobs which needs a great sum of money from the government. As a result of these business relations, the government of Canada will be able to reduce all sorts of expenses associated with employing people.
Having a lot of people working for one company may not be beneficial sometimes and it is one of the ways to find the proper way to increase the profitability of the production as well. In addition to the mentioned benefits, the local authorities or the authorities of provinces will receive the additional financial resources for the development of the infrastructure and development of the social spheres. Besides, a lot of companies can invest into the building projects of different regions in the country as the company needs to have people that would stay not far away and would devote their lives to the company.
I am Mark and I am an experienced economist that may provide you with the real analytical approach to the financial processes in Canada. You can continue reading most of my articles on my blog.