Category: Export Credit

The Prime Minister and the Attorney General

The recent controversy between Prime Minister Justin Trudeau and former Attorney General Jody Wilson-Raybould over the prosecution of SNC-Lavalin has been front-page news for days. Was this a casual conversation or improper interference with the administration of justice? This blog post by former lawyer Andrew Roman discusses the issues from a legal standpoint. The bottom line: there is no law prohibiting either of them from speaking publicly about their conversation.

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DPAs: Meet the legal tool central to the Prime Minister’s Office controversy

What are deferred prosecution agreements (or remediation agreements), how did Canada get them, what are the potential benefits and what are the down sides? Patricia Adams of Probe International is firmly in the latter camp: “… they turn the prosecutor into the prosecutor, the judge and the jury. Because of that they are undermining the rule of law — they are essentially political instruments.”

Repeal the Act and privatize this Canadian SOE

In its submission to Ottawa’s 2018 Legislative Review of the Export Development Act, Probe International calls for a repeal of the Act and the privatization of Export Development Canada (EDC). Probe argues the federal government’s export-financing agency shares many of the same characteristics as China’s controversial state-owned enterprises (SOEs), characteristics that ensure market distortion and stunt private development.

Bombardier nabbed $3.7B in subsidies, yet the mob demands we punish its executives

The current exec pay hooha is a timely reminder about the real scandal here: the willingness of politicians to hand over billions of dollars in subsidies to a few favoured companies. What is Bombardier really selling? Itself as a recipient for government funds. As for planes, “it is selling the making of planes, or more particularly conspicuous government support for the making of planes, or perhaps just the idea of making planes,” writes Andrew Coyne, tongue firmly in cheek, for the National Post.

The silent partner

The future looks good for Canadian arms manufacturers, says journalist Paul Christopher Webster in this in-depth look at the sale of Canadian-built light armoured vehicles to Saudi Arabia — a sale approved by the Conservative government and supported by the Trudeau administration despite concerns the vehicles could be used against civilian populations.