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‘ WAT’FJllDOClmx'Wednesday.My3.20I3els , W t. ~ ~ i .,...., ,. ~ it 6 on sands willb fitO t ' ~ an" manna“ v ene 1] arm . “-I IDGE o S 1 i ust over a Year ago. the ed by the oil and gas indus- will receive $430 billion in ‘ ‘ can“ Macdo n a | d v La u rier try. the entire nation benefits royalties over this same peri- K-“ ‘ Institute released a sig- from significant natural od. Furthermore. the entire t k nificant report that disputed resource tax revenue that oil and gas sector, including ‘ ‘ many traditional beliefs pays for public services pipelines. from Alberta will was " regarding the relationship This message was increase Ontario’s economic My -.- between central Canadian brought to Waterloo Region output by 5116.2 billion and & "a O” m 7 , manufacturing and the last weekbyClBC vicevchair- 88.000full-timejobs 3 an” ---- a, 1, - i “of: resource~based economy of man and former federal The Canadian Chamber « n-- ; f i i I m western Canada. environment minister lim of Commerce, in a 2012 ma‘ . " : ' WC“ ‘~"'""‘""" : ‘ ‘- The theory, commonly Prentice. who spoke at our report entitled “ls Canada 5°” ‘ "r” . ‘ 3“ T l t?- m termed “Dutch Disease" chambefszstharmual Ener- Suffering from Dutch Dls- rm . K ‘ ”a”? “J 9.» vâ€" ‘ ' originated from the experi~ gyand WWW. ease?” tinted that m it is it; ~ I . . 1 a - if" f ‘ , j . ence in Holland following According to Prentice. true that higher oll’prices g. . " "a???“ “if the discovery ofoil and gas in watemCamdhnollandgns have elevated the Canadian J - w - k ’ ‘ t- the North sea new cur. activity will germane 355 bit dollar and intensified pm- i « g J . . ‘ rency rose in response, mak~ lion for Ontario manufactur- sures on the export-oriented * * ’ '-'_ ‘ mg manufactured products emoverthe nan low In manufacturing sector. (its is j' , 1.4 .'. less competitive on intema- 2012. the Canadian Associa- not evidence of Dutch Dis- ' " ' tiona] markets. This alleged tion of Petroleum Producers ease. Other factors apart ML condition has been refer- estimated new oil sands from oil have contributed to , encednumeroustimeswitlp projectsalonewillroquirean flieriseintheCanadiandol- i l y, 4 in the Canadian context, estimated $63 billion worth lar. Similarly. the rise in the ‘ L ‘ ‘ “5 “th most notably by federal ND? ofgoods. materials and serv» Canadian dollar is not solely 1 m NAME leader Thomas Mulcair and ices from Ontario by 20354 responsible for the drop in former Premier Dalton Theimpactissignifimnt‘f‘ dam manufacturing, . “ _ ' ”a. % McGuinty in relation to the Prentice referenced The Canadian chamber ,‘ _ w { closure of manufacturing Aecon industrial, based-in report noted a speech that -' i W“ facilitiesaaossOntario Cambridge, that has per- Bank of Canada Governor " "m P ‘m The Macdonald- Laurier formed mmofslmmil- MarkCameydetiverod toour Institute research argued “on on Oil sands related chamber in April 2012 indi- u m m” m ”X Ontario, Quebec and all work. including preâ€"fabriat- eating Canada’s dropping “h Cam“ PM” 8“ Wm“ “M5 “d “W“ ”M h“ “i“ Wm tin-cam are now, andwillcontinue to torn steel components. relation totheCanadiandol- , _. M , be, benefiting from the eco- These developments are lar than changing global cm mu nomic activity generated by leading to predictions that in market Structurm western oil and gas produc- approximately 25 years. So why is this important _ ,, tron, and these benefits out- seven per cent of all jobs to Waterloo Region? Manuâ€" ‘ , weigh any |]| affects from a related (0 the Oil sands will facturing is 20 percent ofthe higher Canadian dollar. he in Ontario local economy â€" a signifi- While high commodity The Macdonald-laurier cant volume ofjobs and eco- A. prices might cause foreign Institute estimates that over nomic activity. Our prosperi- huyerg to purchase more the next quarter century the ty, and that ofthe province of ‘ petroleum exports and {my Canadian energy industry Ontario. will now be heavily manufactured goods from will generate $408 billion in dependent on the growth of ; (Armada the or! indust in federal tax revenues and thememflanadian oil. ~ . Q ~. ~ v~ turn uses those higherrlyevr $292 billion in provmcial rev? m M.“ s w s . S . I I enues to buy more goods enues, The four provincial [an Mdean chresrdemand “y.” m“ fl, l 1 and services Apart from the administrations west of the CEO ofthe (hater K- W if] 12- ‘ u 1 private sector activity initiat- Ontario Manitoba border Chamberoffommerre t - y , - DUN"! B ALL If!“ ‘\ \ l “l o A A I A A ‘ [A You and your busrness deserve . l 1 \D i l j i 4 s l_ 1 ; expert attention. ' "‘ ' “l ” l ' "‘ ‘l;iillli"\f\ nu , w i mum Marni-m HWY‘lPrS title you have mam.” RAM “in“. crp CPCA‘ coca ‘ l l f \ ' v i new”) wutw wily whirl ' ilel‘M Ur i'lVP‘ill'W‘fll (“wrung M r m'» l‘ll-r (my. maria our My mm" A" <- 6.- KM:- tar-M - a, «N all 1‘ l" h mil ' wink/i "‘y “wt up in» “MWMW'Vfim n" a, 5‘“ ~ ' «Mk ' w , "i'["’<ll"" N 'llll‘./0"y“lily HM v" j,» - - " x lwuw if .v up v 4‘ 1 mm. Wm i“"°‘m’m '“ 2“ " A] 'Au.S : . Call to us today to find out how The Man“ can at t , t . t _ A v ' ' ‘ ~1 ' ' ' . help you prepare tor the future ‘ l v . , ‘ " l l - a ‘\ I .‘ f i : - .‘ . mrussmceachniocom ‘ ' J ' . 171.5) “M: a ' , LRK‘ ThePlan “all.” no annulus-nu by - ”albinism-um haunts-u Russ McEachnae W013 ' “- cm CPCA, con [nap “on“ tum nu mus-tuc- I“ v Dâ€"whfltflfifiquh-Q-‘h-qhuo“ “limilwrw u» i l 4" > . - ‘4 N' l h: l l I UK M if»?! ' i