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The Canadian Election - Liberals Win Majority


DonLever

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Harper is looking incredibly uncomfortable. Mulcair and May are looking quite easy and relaxed, Trudeau is starting to look fired up and Harper is literally using the same talking points he's been parroting the last 6 months, the same ones pierced and torn apart by experts and independent analysis.

Man this si not going well for Harper right now

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If we ever get voter reform it would be nice to see her with some actual power.

I hope that she can claim a few more seats here in the west. Without representation in Ontario or Quebec though i don't think the Greens have a chance. universal representation might not even help until she and her party can successfully hold multiple seats for a few terms.

She is absolutely on point with everything she's said it's amazing to watch really if you follow Canadian politics, a politician with her intelligence and passion

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http://www.bnn.ca/News/2015/8/6/Alberta-Premier-dismisses-CNQs-claim-that-tax-hike-means-lower-jobs.aspx

Canada's largest independent oil producer is clashing with the new Premier of Alberta over tax policy.

Alberta increased its corporate tax rate to 12 percent from 10 percent as of July 1, in order to fulfill a key campaign promise of the province's first NDP government. Canadian Natural Resources reported a quarterly net loss early Thursday morning of $405-million and although the crash in crude prices was the key culprit behind the swing to red ink compared to more than a billion dollars in Q2 profit a year earlier, Chief Financial Officer Corey Bieber made it clear the company would still have been profitable were it not for the higher tax bill.

"During the second quarter, absent the impact of the $579-million charge due to the 20 percent increase in Alberta corporate tax rates, our earnings would have been $174-million," Bieber was quoted as saying near the top of the company's second quarter release. "This charge effectively translates into lower future cash flows and therefore, lowers reinvestment in the business."

In a news conference just a few hours later, Premier Notley dismissed the company's concerns, telling reporters it was "not surprising [that] yes, when you pay a higher corporate tax rate it means less profit."

The company also argued the higher tax rate could lead to more layoffs or, at a minimum, a reduced pace of hiring new staff. Bieber cited research from an unidentified Edmonton-based consulting firm that found the increase in tax payments equates to roughly 4,100 fewer person years of direct, indirect and induced employment. Assuming each position remains filled for 30 years, that translates to approximately 137 jobs.

Notley also dismissed those concerns as insignificant when compared to the decline in crude oil prices.

"The most significant issue affecting jobs numbers right now is obviously the 50 percent drop in the price of oil," the Premier said in response to a question from BNN. "A 2 percent change in corporate tax relative to a 50 percent drop in the price of oil, I think we can all assume that it is the latter that is driving some of the challenges the oil and gas sector is dealing with."

Shortly after viewing a clip of Notley making those comments broadcast on BNN, a prominent Calgary-based energy analyst reached out to BNN specifically to point out the errors in the Premier's statement. Namely that the corporate tax increase was 20 percent relative to previous levels and that because Canadian Natural Resources, like many oil and gas producers, has a substantial amount of its production locked in at higher prices via hedging agreements, it was not as affected by the decline in the oil prices as Notley's comments implied.

Historically, Canadian Natural has not been eager to seek the spotlight, having often declined to comment on major news stories about its business. However, the company's concerns over the new government's fiscal policies has pushed its management team to come out of the shadows.

The criticism levied Thursday was not even the first time the company has very publicly admonished Alberta's government. In late May, within just three weeks of the provincial NDP's historic electoral victory that brought 44 years of PC Party rule to an end, Canadian Natural decided to cancel its annual investor day, previously scheduled for mid-June.

No replacement date has been announced and at the time, management cited "uncertainty" over pending reviews of Alberta's oil and gas royalty regime and its regulations on greenhouse gas emissions as the reason for the delay. Executives on the conference call Thursday morning continued to cite that uncertainty as they refused multiple analysts' requests to provide any details at all on its 2016 spending plans.

In response to Notley's latest remarks, the company's spokesperson, Julie Woo, told BNN "Canadian Natural agrees that on balance, the overall impact to job creation is larger from the impact of lower prices relative to the increase in corporate income taxes. We believe that Canadian Natural and the government share the mutual goal of ensuring the investment levels maintain and create jobs for Albertans. To do this, we look forward to working together with the government to create the conditions needed to attract investment."

Notley also told reporters Thursday the government's first budget, expected to include the largest deficit in provincial history, will be tabled in late October and will include a job creation plan.

NDP is ruining my life

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http://www.bnn.ca/News/2015/8/6/Alberta-Premier-dismisses-CNQs-claim-that-tax-hike-means-lower-jobs.aspx

Canada's largest independent oil producer is clashing with the new Premier of Alberta over tax policy.

Alberta increased its corporate tax rate to 12 percent from 10 percent as of July 1, in order to fulfill a key campaign promise of the province's first NDP government. Canadian Natural Resources reported a quarterly net loss early Thursday morning of $405-million and although the crash in crude prices was the key culprit behind the swing to red ink compared to more than a billion dollars in Q2 profit a year earlier, Chief Financial Officer Corey Bieber made it clear the company would still have been profitable were it not for the higher tax bill.

"During the second quarter, absent the impact of the $579-million charge due to the 20 percent increase in Alberta corporate tax rates, our earnings would have been $174-million," Bieber was quoted as saying near the top of the company's second quarter release. "This charge effectively translates into lower future cash flows and therefore, lowers reinvestment in the business."

In a news conference just a few hours later, Premier Notley dismissed the company's concerns, telling reporters it was "not surprising [that] yes, when you pay a higher corporate tax rate it means less profit."

The company also argued the higher tax rate could lead to more layoffs or, at a minimum, a reduced pace of hiring new staff. Bieber cited research from an unidentified Edmonton-based consulting firm that found the increase in tax payments equates to roughly 4,100 fewer person years of direct, indirect and induced employment. Assuming each position remains filled for 30 years, that translates to approximately 137 jobs.

Notley also dismissed those concerns as insignificant when compared to the decline in crude oil prices.

"The most significant issue affecting jobs numbers right now is obviously the 50 percent drop in the price of oil," the Premier said in response to a question from BNN. "A 2 percent change in corporate tax relative to a 50 percent drop in the price of oil, I think we can all assume that it is the latter that is driving some of the challenges the oil and gas sector is dealing with."

Shortly after viewing a clip of Notley making those comments broadcast on BNN, a prominent Calgary-based energy analyst reached out to BNN specifically to point out the errors in the Premier's statement. Namely that the corporate tax increase was 20 percent relative to previous levels and that because Canadian Natural Resources, like many oil and gas producers, has a substantial amount of its production locked in at higher prices via hedging agreements, it was not as affected by the decline in the oil prices as Notley's comments implied.

Historically, Canadian Natural has not been eager to seek the spotlight, having often declined to comment on major news stories about its business. However, the company's concerns over the new government's fiscal policies has pushed its management team to come out of the shadows.

The criticism levied Thursday was not even the first time the company has very publicly admonished Alberta's government. In late May, within just three weeks of the provincial NDP's historic electoral victory that brought 44 years of PC Party rule to an end, Canadian Natural decided to cancel its annual investor day, previously scheduled for mid-June.

No replacement date has been announced and at the time, management cited "uncertainty" over pending reviews of Alberta's oil and gas royalty regime and its regulations on greenhouse gas emissions as the reason for the delay. Executives on the conference call Thursday morning continued to cite that uncertainty as they refused multiple analysts' requests to provide any details at all on its 2016 spending plans.

In response to Notley's latest remarks, the company's spokesperson, Julie Woo, told BNN "Canadian Natural agrees that on balance, the overall impact to job creation is larger from the impact of lower prices relative to the increase in corporate income taxes. We believe that Canadian Natural and the government share the mutual goal of ensuring the investment levels maintain and create jobs for Albertans. To do this, we look forward to working together with the government to create the conditions needed to attract investment."

Notley also told reporters Thursday the government's first budget, expected to include the largest deficit in provincial history, will be tabled in late October and will include a job creation plan.

NDP is ruining my life

Good. now shhh big people are talking about the debate

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I have to say, it's a real shame that the other 3 leaders are being so aggressive. I'd like to hear their actual policies in this debate as it's all 4 of them instead of hearing them attack harpers record. his record speaks for itself, now is your time to explain why you're better and how you'll achieve that

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http://www.bnn.ca/News/2015/8/6/Alberta-Premier-dismisses-CNQs-claim-that-tax-hike-means-lower-jobs.aspx

Canada's largest independent oil producer is clashing with the new Premier of Alberta over tax policy.

Alberta increased its corporate tax rate to 12 percent from 10 percent as of July 1, in order to fulfill a key campaign promise of the province's first NDP government. Canadian Natural Resources reported a quarterly net loss early Thursday morning of $405-million and although the crash in crude prices was the key culprit behind the swing to red ink compared to more than a billion dollars in Q2 profit a year earlier, Chief Financial Officer Corey Bieber made it clear the company would still have been profitable were it not for the higher tax bill.

"During the second quarter, absent the impact of the $579-million charge due to the 20 percent increase in Alberta corporate tax rates, our earnings would have been $174-million," Bieber was quoted as saying near the top of the company's second quarter release. "This charge effectively translates into lower future cash flows and therefore, lowers reinvestment in the business."

In a news conference just a few hours later, Premier Notley dismissed the company's concerns, telling reporters it was "not surprising [that] yes, when you pay a higher corporate tax rate it means less profit."

The company also argued the higher tax rate could lead to more layoffs or, at a minimum, a reduced pace of hiring new staff. Bieber cited research from an unidentified Edmonton-based consulting firm that found the increase in tax payments equates to roughly 4,100 fewer person years of direct, indirect and induced employment. Assuming each position remains filled for 30 years, that translates to approximately 137 jobs.

Notley also dismissed those concerns as insignificant when compared to the decline in crude oil prices.

"The most significant issue affecting jobs numbers right now is obviously the 50 percent drop in the price of oil," the Premier said in response to a question from BNN. "A 2 percent change in corporate tax relative to a 50 percent drop in the price of oil, I think we can all assume that it is the latter that is driving some of the challenges the oil and gas sector is dealing with."

Shortly after viewing a clip of Notley making those comments broadcast on BNN, a prominent Calgary-based energy analyst reached out to BNN specifically to point out the errors in the Premier's statement. Namely that the corporate tax increase was 20 percent relative to previous levels and that because Canadian Natural Resources, like many oil and gas producers, has a substantial amount of its production locked in at higher prices via hedging agreements, it was not as affected by the decline in the oil prices as Notley's comments implied.

Historically, Canadian Natural has not been eager to seek the spotlight, having often declined to comment on major news stories about its business. However, the company's concerns over the new government's fiscal policies has pushed its management team to come out of the shadows.

The criticism levied Thursday was not even the first time the company has very publicly admonished Alberta's government. In late May, within just three weeks of the provincial NDP's historic electoral victory that brought 44 years of PC Party rule to an end, Canadian Natural decided to cancel its annual investor day, previously scheduled for mid-June.

No replacement date has been announced and at the time, management cited "uncertainty" over pending reviews of Alberta's oil and gas royalty regime and its regulations on greenhouse gas emissions as the reason for the delay. Executives on the conference call Thursday morning continued to cite that uncertainty as they refused multiple analysts' requests to provide any details at all on its 2016 spending plans.

In response to Notley's latest remarks, the company's spokesperson, Julie Woo, told BNN "Canadian Natural agrees that on balance, the overall impact to job creation is larger from the impact of lower prices relative to the increase in corporate income taxes. We believe that Canadian Natural and the government share the mutual goal of ensuring the investment levels maintain and create jobs for Albertans. To do this, we look forward to working together with the government to create the conditions needed to attract investment."

Notley also told reporters Thursday the government's first budget, expected to include the largest deficit in provincial history, will be tabled in late October and will include a job creation plan.

NDP is ruining my life

Oh those poor, poor oil corporations.

Said nobody ever.

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Fight Harper, not each other. This is exactly what Harper wants.

They're distancing themselves from the attacks against harper and pushing their own policies now. This is good. Honestly it looks like the leaders of 3 parties and 1 sidekick

Harper is way out of his depth right now

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They're distancing themselves from the attacks against harper and pushing their own policies now. This is good. Honestly it looks like the leaders of 3 parties and 1 sidekick

Harper is way out of his depth right now

Looks to me more like they're attacking each others record rather than actually saying what they'll do as prime minister.

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Looks to me more like they're attacking each others record rather than actually saying what they'll do as prime minister.

Warhippy is completely blinded with hate, he has no unbiased opinion ever.

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Been watching for five minutes.

Harper just wants to get his word in.

Trudeau sounds like a whiny kid.

Mulcair is attacking the other two major leaders.

May just wants people to talk freely and happily.

At least, that's just what I've seen.

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Its sad how debates are just them attacking each other.

It should be more structured. Where they pose a question, each of them gets a chance to give their response, and then open the floor to discussion.

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Warhippy is completely blinded with hate, he has no unbiased opinion ever.

Sorry

Oil is good. NDP is bad

I am voting for Harper

MY LB impression I understand is spot on.

I have no unbiased opinion when it comes to individuals like yourself I would agree. I also have no unbiased opinion when it comes to the future of my country

When you lot yourself in and act like a person who has treated my country so poorly and act like a child doing it. I will give you the same respect I tend to give to lumps I avoid on the street from people to lazy to clean up after their animals.

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I have to say, it's a real shame that the other 3 leaders are being so aggressive. I'd like to hear their actual policies in this debate as it's all 4 of them instead of hearing them attack harpers record. his record speaks for itself, now is your time to explain why you're better and how you'll achieve that

They aren't, none of them have anything different. Politics are run behind the scenes by the very wealthy. They do as they are told once elected. Pick your poison.

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