Richard Alexander discusses province’s finances on this week’s On Point with David Cochrane
Richard Alexander, NL Employers’ Council Executive Director was one of the guests on this week’s On Point with David Cochrane on CBC. Alexander discussed the province’s current fiscal situation heading into Budget 2015 and the need for the province to cut spending. He also defended against calls to increase taxes. Economist Wade Locke, who has recommended that  [...]
Premier commits to Sovereign Wealth Fund after NLEC lobby
Commitment to the creation of a sovereign wealth fund was one of the NLECs key asks in pre-budget consultations, and one of the recommendations from our Conference Board of Canada Report Achieving Sustainable Prosperity, released last week. Last night at a PC Fundraiser Premier Paul Davis announced a commitment to establishing such a fund, which  [...]
NLEC releases Conference Board of Canada Report Benchmarking NL against Competitors
The NL Employers’ Council (NLEC) released key findings of a Conference Board of Canada study that examines Newfoundland and Labrador’s strengths and weaknesses relative to its closest competitors today at the Sheraton Hotel. The study, Achieving Sustainable Prosperity: Benchmarking the Competitiveness of Newfoundland and Labrador, was commissioned by the NLEC to generate recommendations to improve the  [...]
NLEC asks government for meaningful spending reform and a plan to save for our future
NL Employers’ Council Executive Director Richard Alexander presented to Finance Minister Ross Wiseman Friday, asking him to address the looming deficit by introducing meaningful permanent spending reforms to government program and service delivery. Alexander told Wiseman that the drop in the price of oil “could be the best thing to happen to Newfoundland Labrador.” Now  [...]
NLEC calls on government to think long term about province’s finances
The NL Employers’ Council (NLEC) is imploring the provincial government to change the way they manage our province’s finances. Instead of budgeting at the maximum price of oil as this government has been doing, government must budget spending based on a more modest estimate.  Any resulting surplus should be used to pay down debt and  [...]
NLEC disagrees with province suspending support for trade agreements
The NL Employers’ Council (NLEC) has been speaking out on the benefits of removing trade barriers following the provincial government’s decision not to participate in trade agreements currently under negotiation by Canada. The NLEC fundamentally disagrees with this decision, made due to the province’s disagreement with the federal government on the terms of a cost-shared  [...]
2014 NLEC Conference PLAYING TO WIN a resounding success
The NL Employers’ Council 2014 Conference Playing to Win: The Simple Truth about Productivity, Growth & Being Globally Competitive took place on November 20th in St. John’s. Over 120 business leaders, managers, public policy and opinion makers attended the event which included sessions by the Honourable John Crosbie and Bill Barry on Competitive Public Policy; Maclean’s  [...]
NLEC asks province to tackle debt, decrease spending and reallocate resources to immigration
The NLEC is encouraging the province to tackle debt, reduce spending, create a competitive tax regime and shift resources towards immigration in Budget 2014. View the NLEC’s Position Paper on 2014 Provincial Budget Priorities. Fiscal prudence Last May the NLEC held a CEO Roundtable with member CEOs from some of the largest and most successful employers  [...]
Fraser Institute Executive VP Jason Clemens to provide keynote at 2013 NLEC Conference Nov 14th
Jason Clemens, Executive Vice President of the Fraser Institute, Canada’s leading public policy think tank, will provide the keynote address at this year’s NLEC Conference. The Fraser Institute measures and studies the impact of competitive markets and government interventions on individuals and society. Clemens will use the Fraser Institute’s research to discuss the competitiveness of Newfoundland & Labrador’s business environment. Newfoundland  [...]
NLEC holds CEO Roundtable on Business Priorities
On Thursday, May 30th the NLEC held the CEO Roundtable on Business Priorities, an event for the province’s business leaders to network and debate pro-growth public policies that could best position Newfoundland and Labrador (NL) as the place to do business. Twenty CEO level executives from NLEC member organizations met in a confidential, closed-door environment to discuss four subject matter  [...]
Economist Morley Gunderson says NLs worker’s compensation system must be reformed
The NL Employers’ Council (NLEC) released findings of a study by economist Morley Gunderson, Ph.D. on the economic impact of high Worker’s Compensation employer insurance premiums on Newfoundland & Labrador Thursday morning. Newfoundland & Labrador has had the highest worker’s compensation employer insurance premiums of any province in the country for nearly two decades. The study  [...]