Liberals vote in favour of currency transaction tax
Article Abstract:
The Canadian parliament has voted in favor of a motion by the New Democratic Party to impose a international tax on financial transactions to curb short-term currency flows. The Tobin tax is aimed to reduce the flow of short-term investments across national borders and reduce the economic ruins resulting from the effects of "hot money" running out of a country. The tax is expected to generate around C$176 billion annually which can be used for international development, land mine decommissioning and environmental cleanup.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
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Clock now ticking on free-trade deal
Article Abstract:
Canadian Prime Minister Jean Chretien welcomed political and economic leaders from 34 countries, including U.S. President George W. Bush, to The Summit of the Americas. The economic conference will focus on free trade negotiations between countries in the Americas.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2001
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