COMMERCE 1E03 Lecture Notes - Lecture 4: Petro-Canada, North American Free Trade Agreement, General Agreement On Tariffs And Trade
19 May 2016
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Document Summary
Has cut back activities and reduced workforce. Trend toward privatization at both gov"t levels. Sold cnr, air canada, most of petro-canada, ownership and mgmt of airports. Deregulating or partially deregulating other industries such as the airlines. Government involvement with business: crown corporations laws and regulations. 4. financial aid: services, purchasing policies, other expenditures, crown corporations (federal and provincial) Set up to provide services that were not being provided by businesses (air canada in the 1930s) Bail out a major industry in trouble (cnr) Provide some special services that could not otherwise be made available (bank of canada, cdic) Caution: laws and regulations (current and potential) Industry canada administers a variety of laws affecting business including the competition act (e. g. , discriminatory pricing, price fixing, misleading advertising) Consider business registration, reporting requirements, and general information. Municipalities: includes property taxes, other taxes, and fees. Use of taxation to stimulate or restrain the whole/various aspects of the economy: financial aid (direct and indirect)
