Federal government expects $32B more in red ink as it creates new bank to invest $81B

[Alpine Fisher]

Originally Posted by accord1999

Canada's low CO2 emission electricity, climate and high latitude make subsidizing solar a terrible proposition while Chinese solar panel manufacturers aren't making money, let alone doing it in Canada.

But what about jobs? We are losing our potential solar manufacturing prowess to Jina.

[Locke]

Originally Posted by Alpine Fisher

But what about jobs? We are losing our potential solar manufacturing prowess to Jina.

No we're not, we were never in the running for them anyways.

Have you ever seen the manufacture of a solar panel? To call it a 'noxious process' is being polite.

Here in Canada the cost of manufacturing those would be astronomical with all of the safety protocols required.

Whereas manufacturing them somewhere else, like China for example, those costs would be significantly lower. Will those lower costs jeopardize lives? Yeah, probably, fortunately for China thats something of which they have abundant supply.

[Violator]

Originally Posted by Azure

http://news.nationalpost.com/news/ca...structure-bank

Infrastructure spending is obviously important, but I think they should invest a lot more into Canadian manufacturing. Lots of small/medium size manufacturing plants that could really expand if they had access to some grants and resources. 10 years from now you could have a much bigger manufacturing footprint.

Hell, get a growing company with huge demands like Tesla up here.

The government should invest in building a drywall plant

http://www.calgarysun.com/2016/09/14...murray-rebuild

[Cappy]

Originally Posted by Azure

You need to offer them talent, resources and tax cuts. Why is Tesla in Nevada?

Tax cuts are easy to do if there is political will, but offering them resources and talent to work there is a different story because a lot of it depends on a healthy ecosystem already in place where lots of people are already working in this industry.

Which means you need almost need to target cities across Canada where there are 'districts' that can attract this kind of talent and work. I know there is a district in Winnipeg where a lot of tech development is going on, and the city is working hard to promote it. There is also a good sized pharmaceutical R&D district that has been developed rather well to grow quite big over the years. Both of these are providing good jobs and numerous small businesses have emerged. There is also a huge cabinet manufacturing industry in Winnipeg that is absolutely thriving now due to the Canadian dollar. These are good paying, stable jobs that need to be developed by local, provincial and the federal government to help diversify our country.

Again, it is possible. But we've had 10 years worth of governments that have been completely schooled by the US when it comes to developing our biggest industry. Now we can't even fix that nevermind developing different industries across Canada.

Its depressing, but I highly doubt a penny of the $81B will get used for anything other than pet projects considering we can't agree on Energy East.

That's my point. You can't throw money at an industry for "diversity" if the infrastructure isn't present. That includes labour.

[Cappy]

Originally Posted by Locke

No we're not, we were never in the running for them anyways.

Have you ever seen the manufacture of a solar panel? To call it a 'noxious process' is being polite.

Here in Canada the cost of manufacturing those would be astronomical with all of the safety protocols required.

Whereas manufacturing them somewhere else, like China for example, those costs would be significantly lower. Will those lower costs jeopardize lives? Yeah, probably, fortunately for China thats something of which they have abundant supply.

Similar to the call for more upgraders and refineries in Alberta/Canada.

There is a reason no one is really biting for those tax breaks