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Finance committee  Less reliance and growth in the U.S. market, but again, the more specialized you are, the deeper you're able to go in the U.S. market. Take E.H. Price from Winnipeg. They've gained 30% of market share in the United States by continuing to invest in new products and development of

October 29th, 2012Committee meeting

Jayson Myers

Finance committee  We have about 10,000 across the country.

October 29th, 2012Committee meeting

Jayson Myers

Finance committee  Let me start off by saying it is a concern of ours. I think one of the reasons the SR and ED tax credit worked was that it provided additional assistance to the companies making their own decisions about where best to invest in research and development. There are some strategic

October 29th, 2012Committee meeting

Jayson Myers

Finance committee  Today, especially for manufacturers and exporters, the two sectors that were hardest hit by the recession, it has become very difficult to raise financing. Working capital is really at a premium. It's cashflow that drives investment activity, whether that's in training, or R and

October 29th, 2012Committee meeting

Jayson Myers

Finance committee  With regard to the cash balances that are growing on the part of businesses, and manufacturers as well, some people say there are better uses than holding cash. Some people have referred to this as “dead money”. I don't see that at all. What companies are doing is borrowing more

October 29th, 2012Committee meeting

Jayson Myers

Finance committee  When they say that businesses have more cash balances on hand, that's true. When they say that's dead money or that businesses are not investing, that's not true. Companies are making investments. In fact, today they need to hold more cash because that's the only way the banks ar

October 29th, 2012Committee meeting

Jayson Myers

Finance committee  There are a number of reasons that I think banks have become more conservative. That's not in all cases, and not necessarily on all projects. But companies have also been drawing from their lines of credit, and that's why they need the short-term assets in the form of cash.

October 29th, 2012Committee meeting

Jayson Myers

Finance committee  I don't think governments always make the best decisions in terms of the types of technologies that should be supported. The SR and ED program was a program that provided, and could provide, direct support for foreign companies that are making investments in light of the best use

October 29th, 2012Committee meeting

Jayson Myers

Finance committee  We also support a number of recommendations in the Jenkins report. I guess our concern, though, is the dilution of the SR and ED tax credit system and the impact that has on our top R and D performers in the country that are looking at, not necessarily whether or not they're goin

October 29th, 2012Committee meeting

Jayson Myers

Finance committee  It would allow businesses to direct funding to college, university, and R and D support services that best meet their needs. Thanks.

October 29th, 2012Committee meeting

Jayson Myers

Finance committee  Thank you, Mr. Chair. I am very pleased to be here today to make a few observations about Canada's economic recovery. As you know, the Canadian economy is slowly recovering from the impacts of the steepest collapse that global asset markets have experienced since the Great Dep

October 29th, 2012Committee meeting

Jayson Myers

Finance committee  Thank you, Mr. Chair. First, I'd like to recognize your leadership on this issue as well. It was six years ago that we started talking about this and started asking what the most important measure to boost investment would be. As you say, if you visit companies across Canada,

November 1st, 2011Committee meeting

Dr. Jayson Myers

Finance committee  Good question. I think in two ways, from a manufacturing point of view. This is the sector, by the way, that across the country has realized a 12% reduction in overall emissions since 1990, far surpassing the Kyoto target here, and the emissions were reduced primarily as a resul

November 1st, 2011Committee meeting

Dr. Jayson Myers

Finance committee  An increase in taxes does two things. It means there's a lower return on investment for the company and therefore the share value will fall. It also means there's less money to distribute in dividends, and unretained earnings by the company, so there's less of a dividend. Both of

November 1st, 2011Committee meeting

Dr. Jayson Myers

Finance committee  I think there has to be a balance between the costs of the EI system and the contributions, and we can't be expecting the system to be paying out higher benefits while looking at the impact of the cost of this on employment itself. So there has to be a balance, and that balance i

November 1st, 2011Committee meeting

Dr. Jayson Myers