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| ICCC Newsletter |
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| September 2017 |
Letter from the President
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Interaction with Minister Bardish Chagger on proposed fair tax plan
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| The federal government is conducting Canada-wide consultations on the Fair Tax proposals announced by the federal finance minister on July 18. The consultations will continue till October 2. The proposals have been greeted with near-universal condemnation from small business owners. This is because the proposed changes will hit the vulnerable sections more than other sections. The proposed changed will affect hundreds of thousands of independent businesses, professionals and taxpayers across a wide range of sectors and regions. These changes are coming at a time when business owners are already facing a myriad of additional costs, including Canada Pension Plan and Employment Insurance premium increases for the next several years and new provincial policies around carbon pricing and labour reforms. |
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| Click here to read the: Letter from President |
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| Minister Bardish Chagger meets ICCC's small business owners to discuss Fair Tax proposals |
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| ICCC leaders and small business owners with Minister Chagger |
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| Click here to read the report: Meeting |
| Insight |
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Do Higher Interest Rates Cause Lower House Prices?
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Not necessarily, says David Larock
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| I have always enjoyed challenging widely held beliefs, probably because so many of them fall apart upon closer examination. Most recently, my contrarian radar started going off in the summer as talk of a Canadian housing bubble increased from a simmer to a boil. One of the most common justifications used in the argument that our house prices are due for a precipitous fall is that rock bottom interest rates have nowhere to go but up. When rates increase, the argument goes, affordability decreases and prices have to fall or buyers will be priced out of the market. Fair enough. It’s true that when interest rates increase, the cost of borrowing becomes more expensive, and it’s reasonable to assume that our historically low interest rates are more likely to increase than decrease over time. Bubble talkers regularly cite both factors when making their case, and after much repetition, consumers accept the conclusions that are drawn from these assumptions as valid. Far be it for me to let real data get in the way of a good round of group think, but alas, I do enjoy tipping over the apple cart, so here goes. |
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| Click here to read the speech: Insight |
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| Business Snippets |
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Programs & Events |
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Global Tenders |
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A brief summary of the most
significant economic news
during recent days.
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A quick recap of the recent
& forthcoming ICCC
programs and events
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A list of latest
Global Tenders
floated by the
Government of India.
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Click here for more:
Business Snippets
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Click here for more:
Programs and Events
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Click here for more:
Global Tenders
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