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Finance committee The two-year rollover works well for small investments. That was working fine there. When we're considering very large flagship investments that might be in the $1 billion to $4 billion range in manufacturing, the planning process before a board makes a decision to go ahead will
May 26th, 2015Committee meeting
David Podruzny
Finance committee First of all, there was a significant increase in markets around the world that we could be a part of, and so we were exporting to a larger degree. That large and record export number represents increased improved access to certain markets around the world. That has a lot to do t
May 26th, 2015Committee meeting
David Podruzny
Finance committee I'm very biased on that, of course. It was the chemical sector.
May 26th, 2015Committee meeting
David Podruzny
Finance committee Food processing did very well. The machinery and equipment sector did well. We had a higher dollar in the beginning of 2014, but as it came down in 2014, the increase was right across all sectors. Aerospace was another one that did very well.
May 26th, 2015Committee meeting
David Podruzny
Finance committee This is a pretty important consideration. The investor in many cases is in Germany or the United States, so they already have a bit of a home court bias, home court advantage, and with measures that encourage buying local, there is some pressure on some of these head offices to r
May 26th, 2015Committee meeting
David Podruzny
Finance committee Yes, I would agree with that.
May 26th, 2015Committee meeting
David Podruzny
Finance committee —free trade agreement. The market we're going to be seeking is the same market that the owner is in. It is important to be better than when you are a very small player in a big field.
May 26th, 2015Committee meeting
David Podruzny
Finance committee The business community would expect to see rates going up if there is a long-standing and long-term prospect of deficit.
May 26th, 2015Committee meeting
David Podruzny
Finance committee From a business perspective, if you don't have a profit, you don't have anything to reinvest. So absolutely, it's all about cash flow. Just as a personal observation, I too have a youngster in his early twenties, and he and his wife have already started saving. They pay themselv
May 26th, 2015Committee meeting
David Podruzny
Finance committee The point we made in our presentation is that we're in competition globally, and industry is, like it or not, quite footloose in that regard. We're competing, whether it's with Singapore or Texas, for investment and growth and jobs, so we must have a competitive environment if we
May 26th, 2015Committee meeting
David Podruzny
Finance committee In the case of manufacturing, it's a very visible number to compare in different jurisdictions. It may not be the major tipping factor in where you invest. For example, if you have to have the raw material, Canada has some resources that attract certain kinds of investments, and
May 26th, 2015Committee meeting
David Podruzny
Finance committee Thank you for this opportunity to meet with you. The Canadian Manufacturing Coalition represents 50 trade associations representing over 100,000 companies and is represented in all 21 subsectors of manufacturing. Sales in 2014 were $621 billion, and that was a 5% increase from t
May 26th, 2015Committee meeting
David Podruzny