Russell Wangersky: Federal-province battles are bad for business

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There's nothing like a set of legal battles over federal/provincial jurisdiction to make it look like a bad time for businesses to invest. skpoli

And what’s more uncertain than allowing a group of cabinet ministers to override the elected representatives of a province?We deliver the local news you need in these turbulent times on weekdays at 3 p.m.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.

But fight Ottawa they want to, so we get to enter into a period of jurisdictional uncertainty, while the two pieces of provincial legislation undergo the almost obligatory court challenges, court by court, probably all the way to the Supreme Court of Canada.Article contentBusinesses are already doing their planning for an anticipated recession: that means, in some cases, holding the line on investment in personnel and infrastructure expansion.

Would you put high-interest borrowed money into pipeline construction while the governments battle over natural resource rights?Article content And even if the proposed Saskatchewan and Alberta first laws do survive constitutional challenges, it may take ages for them to wend their way through the courts.

There’s a reason why businesses like slow and steady governments that play a long game, one where all the legislative moves are telegraphed well in advance. Because, deep down, most businesses are risk averse.

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businesses stopped investing in Canada as soon as trudeau and his green friends started Screwing Everything Up !

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Loss of HSBC Canada as competitor in mortgage space could raise costs for everyone, industry watchers sayEven with regulatory action, there\u0027s no guarantee HSBC Canada\u0027s cut\u002Drate mortgages will survive, industry watchers say. Find out more.
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