How do we Increase Canadian Prosperity?

Participant: Darien

Date: 2003-01-24 12:16:08

I think one of the most important things we can do right now, as far as economic stimulus, is to expand into other markets. Tim Hortons only really expanded into the US after Wendy's bought it. Our other major companies, like Nortel and Petro-Canada, are dealing well in the international markets, but we need to support and encourage this.

Government interventionist that I am, I feel the government should provide benefits to Canadian companies that pursue foreign markets - whether they be in the US, or in other countries. The United States became a powerhouse this way, and Canadian companies are some of the most innovative, efficient, and effective there are (in my personal, biased opinion). We should support those who bring money into the country, and provide them with financial incentives to do so, such as tax breaks, or loans earmarked for expansion of business and operations into other markets.

Canadians are known around the world as polite, friendly, accepting, and educated. Our business can integrate into other cultures and societies, and we would be welcomed. Let's take advantage of that.