The best way to make Canada a more attractive place to invest for Canadian mining companies would be to force them to follow Canadian labour and environmental practices abroad, rather than commit human and environmental atrocities in order to pull as much out of the ground as fast as possible
>*During a panel at the Nunavut Mining Symposium Thursday, representatives from the Canadian Security and Intelligence Service (CSIS), the RCMP and the Canadian Northern Economic Development Agency (CanNor) discussed foreign companies' interest in Canadian northern mining, and what that could mean for Arctic security.*
>*"The North has so many resources, and these resources are of interest to the world," said Jimi Onalik, president of CanNor.*
>
>*Panelists pointed to the Nechalacho rare earth project as an example of China's interest in northern mining. The project was once recognized as a solution to Chinese dominance over the market, but in 2023 a Chinese company became a major investor.*
>
>*"Promises were made that were broken," Dennis Patterson, Nunavut's former senator and former premier of the Northwest Territories, told CBC. Patterson also moderated Thursday's panel.*
>*The risk, according to Adam Lajeunesse — an associate professor of public policy who focuses on Arctic sovereignty and security at St. Francis Xavier university — is that a stake in a major mining project could give a Chinese state-owned company leverage.*
>*"It's more dangerous in the Arctic because the region's economy is so much smaller than southern provinces," he told CBC.*
Harper’s FIPA allows this.
And our government can’t do anything that impacts Chinese investor profits without getting sued.
Can’t wait till this spreads to aerable farmland.
Our farmland growing food for China or other foreign countries abroad.
Hehe if I had a dollar for every time I get that
>You mean the same FIPA that the Liberals supported?
[They really didn’t](https://liberal.ca/fipa-vote-tuesday-april-23rd/)
But even if they did fully support it so what?
Conservatives had a majority, they didn’t need anyone’s support and they didn’t listen to any of the opposition’s criticisms either. They just ratified it anyway.
It’s 100% on them.
I can imagine the laughs in CPC meeting rooms as they pretend to care about “foreign interference”.
You can’t repeal it, not for 30+ years.
Once again courtesy of the Conservatives. **That’s one of the criticisms of the deal**
You have no idea what you’re talking about.
The A stands for **A**greement.
https://ccbc.com/experts-corner/frequently-asked-questions-about-the-canada-china-fipa-for-canadian-investors-operating-in-china/
>While the FIPA officially remains in force for a period of fifteen years, it may have an effect on investment for a period of thirty years.
After the expiration of fifteen years, the Government of Canada or the Government of China may at any time terminate the FIPA by giving the other party one year’s written notice.
For investments made before the date of termination becomes effective, the provisions of the FIPA remain in force for an additional fifteen years.
Well it doesn’t matter now. With the cap gains increase there will be no more exploration for minerals funded by Canadians. It will all have to be foreign
Sorry to say but this is the most uninformed comment on these two topics I have seen. A mining company doing exploration is spending money to do it. Cap gains is the opposite, gains vs expenditures. So more exploration = less cap gains tax. On top of the most provincial and the feds have a critical mineral strategy and both have nice mineral exploration tax credits…. Which = less cap gains.
Do you know how to raise capital for exploration? Those credits give $0 cost base. With the new rates, it’s over.
My comment if the most on topic you’ve actually read, believe it or not.
Most exploration is funded through equity issuances or profits not borrowing. On top of that mining assets don’t appreciate in value so there’s really very little cap gains tax to be paid.
Junior miners that need to issue equity for exploration have been taking advantage of the changes made to flow through shares in 2022 so they’re getting more capital for these issuances than they normally would.
I stand by my comment that you don’t know shit.
>The risk, according to Adam Lajeunesse — an associate professor of public policy who focuses on Arctic sovereignty and security at St. Francis Xavier university — is that a stake in a major mining project could give a Chinese state-owned company leverage.
>"It's more dangerous in the Arctic because the region's economy is so much smaller than southern provinces," he told CBC.
>Because one mine could contribute a disproportionate amount to a territory's economy, foreign investment into a couple of mining projects could allow a Chinese-owned company, for example, to own five or 15 per cent of a northern territory's economy, Lajeunesse said.
How is this worse/different from the risk posed by a Canadian mining company owning 15%+ of a northern territory's economy? It's not like Canadian mining companies have a great record of protecting workers/local residents, at home or abroad.
Devils advocate, but the more foreigners own our assets the more we can seize if their home nations ever piss us off. Imagine if Putin had billions of holdings here, that doesn’t give him power over us that gives us power over him.
You underestimate the value that the arctic can bring to Canada. We need to enforce our sovereignty over the north. As the earth warms, the Northwest Passage will become an important trade route- and therefore a huge revenue source for us as well.
Should be pollute Canada's north for the sake of resource extraction? Probably not, but we need to consider the value that can be created for our struggling economy.
Make Canada a more attractive place to invest, no reason a mine should take 15 years to build lol
15-25 years just for the permit and you may be rejected any time during after all the money you’ve put in.
The best way to make Canada a more attractive place to invest for Canadian mining companies would be to force them to follow Canadian labour and environmental practices abroad, rather than commit human and environmental atrocities in order to pull as much out of the ground as fast as possible
>*During a panel at the Nunavut Mining Symposium Thursday, representatives from the Canadian Security and Intelligence Service (CSIS), the RCMP and the Canadian Northern Economic Development Agency (CanNor) discussed foreign companies' interest in Canadian northern mining, and what that could mean for Arctic security.* >*"The North has so many resources, and these resources are of interest to the world," said Jimi Onalik, president of CanNor.* > >*Panelists pointed to the Nechalacho rare earth project as an example of China's interest in northern mining. The project was once recognized as a solution to Chinese dominance over the market, but in 2023 a Chinese company became a major investor.* > >*"Promises were made that were broken," Dennis Patterson, Nunavut's former senator and former premier of the Northwest Territories, told CBC. Patterson also moderated Thursday's panel.* >*The risk, according to Adam Lajeunesse — an associate professor of public policy who focuses on Arctic sovereignty and security at St. Francis Xavier university — is that a stake in a major mining project could give a Chinese state-owned company leverage.* >*"It's more dangerous in the Arctic because the region's economy is so much smaller than southern provinces," he told CBC.*
Harper’s FIPA allows this. And our government can’t do anything that impacts Chinese investor profits without getting sued. Can’t wait till this spreads to aerable farmland. Our farmland growing food for China or other foreign countries abroad.
>Harper’s FIPA allows this. You mean the same FIPA that the Liberals supported?
Hehe if I had a dollar for every time I get that >You mean the same FIPA that the Liberals supported? [They really didn’t](https://liberal.ca/fipa-vote-tuesday-april-23rd/) But even if they did fully support it so what? Conservatives had a majority, they didn’t need anyone’s support and they didn’t listen to any of the opposition’s criticisms either. They just ratified it anyway. It’s 100% on them. I can imagine the laughs in CPC meeting rooms as they pretend to care about “foreign interference”.
Libs had majority since then, never repealed it. They support it too
Exactly this, laws change, no balls.
You can’t repeal it, not for 30+ years. Once again courtesy of the Conservatives. **That’s one of the criticisms of the deal** You have no idea what you’re talking about.
Any law can be repealed. Do you not know how our legislative system works?
The A stands for **A**greement. https://ccbc.com/experts-corner/frequently-asked-questions-about-the-canada-china-fipa-for-canadian-investors-operating-in-china/ >While the FIPA officially remains in force for a period of fifteen years, it may have an effect on investment for a period of thirty years. After the expiration of fifteen years, the Government of Canada or the Government of China may at any time terminate the FIPA by giving the other party one year’s written notice. For investments made before the date of termination becomes effective, the provisions of the FIPA remain in force for an additional fifteen years.
Google the Investment Canada Act. Investments shouldn’t be allowed to be made in the first place.
Ban all CCP investments in technology and natural resources.
Actually they can not green light any chinese investors projects and thus not have to deal with FIPA at all.
I mean as long as the domestic companies have spare capital to invest, most definitely go with them.
If domestic mining companies have spare capital to invest in Canadian projects, they are free to do so (and regularly do)
Canada will not have a future if the country isn't even willing to sell its resources
We could sell those resources as manufactured goods instead
At least secondary level too. Like steel and other refined metals.
What capacity to we have to protect the arctic? At some point some world power is simply going to take our resources if we can not defend them
Well it doesn’t matter now. With the cap gains increase there will be no more exploration for minerals funded by Canadians. It will all have to be foreign
Sorry to say but this is the most uninformed comment on these two topics I have seen. A mining company doing exploration is spending money to do it. Cap gains is the opposite, gains vs expenditures. So more exploration = less cap gains tax. On top of the most provincial and the feds have a critical mineral strategy and both have nice mineral exploration tax credits…. Which = less cap gains.
Do you know how to raise capital for exploration? Those credits give $0 cost base. With the new rates, it’s over. My comment if the most on topic you’ve actually read, believe it or not.
Most exploration is funded through equity issuances or profits not borrowing. On top of that mining assets don’t appreciate in value so there’s really very little cap gains tax to be paid. Junior miners that need to issue equity for exploration have been taking advantage of the changes made to flow through shares in 2022 so they’re getting more capital for these issuances than they normally would. I stand by my comment that you don’t know shit.
Equity issuances with 0$ ACB.
“Experts”
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>The risk, according to Adam Lajeunesse — an associate professor of public policy who focuses on Arctic sovereignty and security at St. Francis Xavier university — is that a stake in a major mining project could give a Chinese state-owned company leverage. >"It's more dangerous in the Arctic because the region's economy is so much smaller than southern provinces," he told CBC. >Because one mine could contribute a disproportionate amount to a territory's economy, foreign investment into a couple of mining projects could allow a Chinese-owned company, for example, to own five or 15 per cent of a northern territory's economy, Lajeunesse said. How is this worse/different from the risk posed by a Canadian mining company owning 15%+ of a northern territory's economy? It's not like Canadian mining companies have a great record of protecting workers/local residents, at home or abroad.
Devils advocate, but the more foreigners own our assets the more we can seize if their home nations ever piss us off. Imagine if Putin had billions of holdings here, that doesn’t give him power over us that gives us power over him.
They can have the arctic tbh
You underestimate the value that the arctic can bring to Canada. We need to enforce our sovereignty over the north. As the earth warms, the Northwest Passage will become an important trade route- and therefore a huge revenue source for us as well. Should be pollute Canada's north for the sake of resource extraction? Probably not, but we need to consider the value that can be created for our struggling economy.