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The Beacon - June 6, 2017 | Volume XXIII, No. 12
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Good Day!


We are happy to announce details of the 2017 Chairman's Dinner – our annual major fundraising event. Frank McKenna, former Ambassador to the United States and former Premier of New Brunswick will be our keynote speaker. Chairman John Risley will host a Q&A session with Mr. McKenna. His talk will address trade issues, Canada-US relations, and immigration.
 
With the rise of anti-trade populism in Europe and the United States, it behooves us to remember the importance of trade to our national and regional economies.
 
Our research team published another fine study this week. The Benefits of Trade by economist Pierre Lemieux addresses several challenges for the region, including interprovincial trade barriers and the "buy local" movement. Please have a look at the study below.
 
We will also host David MacKinnon on June 22 at the Halifax Central Library, where he will discuss regional challenges facing Nova Scotia. Mr. MacKinnon is an expert on healthcare and has written extensively about equalization. See below for more details.
 
As always, we appreciate the support of our many readers. Please share The Beacon with your social networks. Thank you for your continued support.
 
Until next time, Onward!
 
Marco Navarro-Génie
President & CEO

NEW POLICY PAPER
 

The Benefits of Trade
By Pierre Lemieux


The Benefits of Trade examines the economic argument for free trade, with an emphasis on the importance of trade for Canadian provinces. The author discusses international, interprovincial, and local trading relationships, explaining the benefits of free exchange for all three types. He argues that a major factor in the benefits of free trade lies in comparative advantage, whereby producers create the goods they are best suited to make and interact with consumers on a voluntary basis. Protectionism, by contrast, implies that a jurisdiction should produce and consume its own goods despite the higher cost that this requires.


>>> Read the study

LISTEN: Pierre Lemieux speaks with Radio-Canada (in French) about his study. 
 

HALIFAX EVENT JUNE 22nd

TAKING STOCK: REGIONAL CHALLENGES IN NOVA SCOTIA

with David MacKinnon
2:00pm Thursday, June 22nd
Halifax Central Library
BMO Community Room, 5440 Spring Garden Road

Mr. David MacKinnon will take stock of the challenges facing Atlantic Canada, specifically Nova Scotia, and talk about what we can do to change. He has written extensively on our regional dependence on transfers and how we can develop our economy to change this approach. He will also touch on our healthcare challenges, as healthcare continues to be a major issue of public policy, and the largest line item in most budgets.
 

Due to limited space, RSVP is required. The event is free to attend. 
Contact communications@aims.ca to RSVP. 

SAVE THE DATE

2017 ANNUAL CHAIRMAN'S DINNER

> TRADING FOR GROWTH <

Wednesday, October 11
Reception at 6:00pm, dinner served at 7:00pm
Pier 21, 1055 Marginal Road, Halifax, NS
Tickets: $150 each, table of 10 seats $1500

The Annual AIMS Chairman’s Dinner will take place on October 11th at Pier 21 in Halifax. The Chairman’s dinner is a major event on the AIMS calendar and offers guests the opportunity to meet many inspiring members of the community and contribute to the Institute. 

The event is hosted by Mr. John Risley, O.C., Chairman of the Board of Directors. Mr. Frank McKenna, P.C., O.C., O.N.B., Q.C. will speak on trade and cross-border issues such as immigration, with the Atlantic Canadian position in mind.

Tickets are available for purchase online.  

LATEST OP-ED COMMENTARY

New Brunswick’s increased minimum wage
The minimum wage in New Brunswick is more than keeping pace with inflation. Huge jumps in the rate, for instance to $15/hour, would risk employers no longer being able to afford current staff. 
>>> Read more

DONATE TO AIMS


As an important voice in advocating fiscal prudence and market solutions, AIMS is a vital institution for Atlantic Canada. The political and economic issues facing the region cannot be resolved by a further regime of dependence on the rest of Canada, or by levying a harsher tax burden upon Atlantic citizens and businesses. Going forward, bringing public expenditure within the bounds of our means is the only way to ensure that the pillars of government in our region – healthcare, education, and public services – remain viable.

Your charitable contribution now will help us build a stronger legacy and make a difference in the lives of Atlantic Canadians. Please consider contributing to AIMS.

Copyright © 2017 Atlantic Institute for Market Studies, All rights reserved.


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