Canadian Minister Of Finance To Visit Island

April 10, 2013

FlahertyJim_CPCMinister of Finance Bob Richards said he is looking forward to the visit to the island of Canada’s Minister of Finance Jim Flaherty and joining the Minister at the luncheon on Friday which is being arranged by the Bermuda Business Development Corporation.

It will be Minister Flaherty’s first official trip to the island, and he will be the highest-ranking Canadian visit to Bermuda in quite some time. A spokesperson for the Minister said he is coming because of the economic, investment, and finance opportunities he sees to enhance the already strong and crucially important Canada/Bermuda relationship.

A Bermuda Government spokesperson said, “Canada and Bermuda have a strong commercial relationship, which relies heavily on services and investment. The most recent investment data shows that Bermuda is the eighth-largest destination for Canadian direct investment abroad.

“There is also significant services trade. Bermuda is Canada’s eighth-largest source of services imports and sixth-largest destination for services exports. Imports into Bermuda from Canada totaled $96 million in 2012.

“Naturally, there is also a significant movement of people and Bermuda is a popular tourism destination for Canadians, with both of Canada’s major airlines offering year-round service. 12.7% of our visitors came from Canada in 2012.”

Read More About

Category: All, Business, News, Politics

Comments (16)

Trackback URL | Comments RSS Feed

  1. Opressed says:

    Maybe he can give lessons to Paula and Co. But that would be like teaching Bailey’s Bay Quarry.

  2. Stop Complaining for 1 Second says:

    @ Opressed
    Maybe he can give lessons to the UBP/OBA about Immigration reform. But that would be like teaching the forty thieves

    • jt says:

      Like fast tracking permanent resident cards for skilled individuals with job offers in pertinent employment areas and then giving them subsequent, full citizenship? Sounds like a like a plan. Or is that not what you meant?

    • Tommy Chong says:

      Out of all the great liberal laws Canada has the immigration law is not one of them. There are thousands of homeless Canadians whose ancestry spans back to the French and Indian War. This homeless issue is the fault of Pierre Trudeau, Lester Pearson & Tom Kent who introduced the multiculturalism immigration policy. The multiculturalism immigration policy brought in cheap foreign labor & left nationals jobless & struggling for generations to come. This policy also is one of the causes of high taxes because many of the ones who immigrate can claim on financial assistance after 3 years of living in Canada.

  3. Victor says:

    We could all use lessons from TACs…

  4. thief says:

    Maybe we should pay for caribbean diplomats like allegedly corrupt McKeeva Bush, black superstars like Beyonce and hold expensive parties, rather than waste time on 1st world leaders who come on their own accord and only want to talk about business. Betty Trump for Premiere!

  5. Rhonda says:

    what are the tax rates, healthcare, housing, and educational system…. like in Canada….maybe they can teach UBP turn OBA a thing or two about socialism….

    • jt says:

      curiosulsy, it would seem that it is the PLP who need that lesson…….if it is a required course

  6. Tommy Chong says:

    Is the OBA contemplating decriminalizing cannabis, creating cannabis smoking friendly places, legalizing prostitution & legalizing fully nude strip clubs? These are big money makers in Canada. It’s not just the maple syrup & hockey that attract loads of American visitors.

    • Light my fire says:

      Tommy, I don’t know where you’re getting your information from, but Canada has not decriminalized cannabis possession or cultivation except in the case of medical marijuana. Possession of small amounts…one ounce or less…are rarely prosecuted but the possession and cultivation laws are still on the books across the country. If you light up a spliff on Young Street in Toronto during the Caribbean Festival or sitting off in a corner of Stanley Park in Vancouver having a toke you may not be bothered by the cops but throwing caution to the wind and firing up in public anywhere across the country is still most unwise. The current Harper government wants to toughen up marijuana laws, even those covering medical marijuana, and the Liberals, if elected, will no doubt push for legalization and turn the currently illegal pot trade into a money-maker for the government. As for the government of Canada creating, as you have suggested,”smoking friendly places”, please give an example of one as I’ve certainly never heard of one, even in pot-friendly British Columbia.

      The issue of “legalized prostitution” is a fuzzy one…the exchange of money for sex between consenting adults itself is not illegal, but most of the activities surrounding that exchange are…solicitation in public, brothels, procurement, etc. As for fully nude dancers, they are also legal in many US states…Texas being one of them…so don’t know why you brought that issue into play.

      • Tommy Chong says:

        Okay, not fully decriminalized. What I’m referring to is ill bill C-17 where 15 grams of cannabis will get you a $400 fine but no criminal record. Isn’t not given a criminal record considered decriminalized. The laws in Bermuda beat around the bush & there is no certainty of wether any amount no matter how small will see you on America’s delay list because even having a boogie containing THC could make you a criminal here. I do realize the cannabis laws were much more lenient under Chrétien & maybe this is more what I remember of blazing in Canada but I do think Harper has a point on other views besides cannabis.

        The smoker friendly places are Vapor Central on Young, Roach-O-Rama in Kensington Market & the other there which I think is named Hot Box Cafe but not sure. There was also a place called green bean or something like that that sold some really weak space cookies. In BC there are marc emery’s shops that have people blazing in them all day long. Plus a medical marijuana license is really easy to get there with the low wages doctors make even though I think its counterproductive to the cause when people lie just so they can toke.

        I’m sure many would consider the exchange of money for sex being prostitution. This is why ladies of the night can ply their trade on the busy & centralized church street in Toronto & in all the news papers & phone books there. All these ladies need to do is not mention the words sex & money instead use words like company & gifts & they are cool. That being mentioned this grey area in exchange of money for sex makes fully nude establishments in Canada much more interesting than most in the U.S. except for maybe ones in vegas. Another thing about the all nude ones in the states is most don’t serve alcohol or make you bring your own.

  7. Joonya says:

    Definately need a lesson in frugality. Failing that, bring in the Scots!

  8. Hey, don’t forget the casinos and the lottery. They bring in untold millions to the Canadian Government, who use it to fund their social programs. How dumb…right?

  9. William says:

    I wish some great and useful things happens at Bermuda Island. Now a days Bermuda Island is first choice for Canadian tourists. Some great news you post I really Happy!!! Thanks