Liberals vote in favour of currency transaction tax

Article Abstract:

The Canadian parliament has voted in favor of a motion by the New Democratic Party to impose a international tax on financial transactions to curb short-term currency flows. The Tobin tax is aimed to reduce the flow of short-term investments across national borders and reduce the economic ruins resulting from the effects of "hot money" running out of a country. The tax is expected to generate around C$176 billion annually which can be used for international development, land mine decommissioning and environmental cleanup.

International economic relations, Currency Stabilization Programs, Currency stabilization

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Clock now ticking on free-trade deal

Article Abstract:

Canadian Prime Minister Jean Chretien welcomed political and economic leaders from 34 countries, including U.S. President George W. Bush, to The Summit of the Americas. The economic conference will focus on free trade negotiations between countries in the Americas.

Foreign trade, Trade Negotiations, Conferences, meetings and seminars, Portrayals, Bush, George W., Free trade, Chretien, Jean, Summit of the Americas

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