David Dodge argues bill would undermine confidence in the rule of law in Alberta
David Dodge, the former governor of the Bank of Canada who previously served as a deputy minister in the federal finance department, joined Alberta’s Opposition New Democrats on Wednesday to warn that the province’s proposed sovereignty act would create uncertainty and unnerve investors.
Mr. Dodge told reporters he is inserting himself into Alberta politics because he wants to ensure, as an outside observer, that the “climate for investment in this country is as good as it can possibly be.” “The tabling itself creates the strong impression investors will not be able to rely on due process and the application of federal-provincial law in the future,” Mr. Dodge said. “Investors would then look elsewhere.”
His seven-year term as the central bank’s governor occurred under three former prime ministers: Jean Chrétien, Paul Martin and Stephen Harper. He also served as the deputy minister of finance under former prime ministers Brian Mulroney, Kim Campbell and Mr. Chrétien.
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