Paper calls for Canadian competitive investment policy

A Canadian Manufacturers & Exporters (CME) policy paper is calling for the leveraging of public investments in transportation equipment and infrastructure in Canada to enhance business opportunities for industry, create a globally competitive business environment, attract foreign investment and generate the greatest possible economic benefits for Canadians.  

The paper focuses on the importance of creating a program similar to the Buy America program here in the U.S. and other countries that ensure public investments in infrastructure to generate local economic activity.  

"By leveraging these investments, governments in Canada would level the playing field to international standards for transportation equipment and infrastructure manufacturers in Canada; reduce business uncertainty by forcing clear, full and open competition for all contracts; and help government effectively address the legal and political controversy surrounding sole-source contracting,” said Jayson Myers, CME president.  

The federal government announced in its last budget that it will invest $33 billion in infrastructure over seven years, a significant proportion of which is directed to roads and highways, public transit and bridges. Provinces and municipalities have also announced significant investments in transportation infrastructure and mass transit over the coming decade.