Then the new government had to regroup and appoint a new cabinet. Still, the extended review process contributed to rising anxiety about how Canada will deal with foreign acquisitions now that Stephen Harper has a majority Conservative government. We apologize, but this video has failed to load. There is a major foreign investment wave under way in the oil and gas industry — the third in a dozen years — as Western Canadian producers look for capital to fund or accelerate projects in the oil sands and in shale gas, and foreign investors seek out secure supplies and technology. This time, the wave has an Asian flavour that is linked to plans to develop a new market for Canadian oil and gas in Asia. The last big wave came before the financial meltdown, when global energy companies were rushing to Alberta to buy pieces of the oil sands. Before that, it was all about U.
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A new report from the Parliamentary Account Office suggests they have good affect. Not so for the provinces, which face a bleak future filled along with financial challenges. And the reason designed for the difference, the report says, is largely due to Ottawa unloading costs onto the provinces. We apologize, although this video has failed to burden. The federal government has fiscal area to increase spending, decrease revenues, before some combination of both under altogether sensitivity scenarios.
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