FPAC President to present at Canadian dollar conference in Toronto

    OTTAWA, Jan. 29 /CNW Telbec/ - Canada's economic immune system can better
resist the Dutch disease if there is some urgency among policy makers in
addressing Canada's business climate, says Avrim Lazar, President and Chief
Executive of the Forest Products Association of Canada (FPAC), who will
address this subject at a conference in Toronto on Wednesday, January 30,
dealing with the economic implications of a stronger Canadian dollar.
    The conference, organized by the Public Policy Forum, is entitled,
Implications for Canada of a high-valued Canadian Dollar: Has the Canadian
Economy Caught Dutch Disease? Mr. Lazar will be part of a panel that will deal
with the threat a more robust Canadian dollar - which today hit parity with
its U.S. counterpart for the first time in three weeks - poses to the
manufacturing and forest sectors. The current debate by legislators -
interventionist spending vs. laissez-faire - misses the point, Lazar warns. A
third way is needed that will see industry, labour and government work
together in developing a world-class investment climate for industries such as
forestry. It is policy reform that Canada needs.
    "The obvious signs of Dutch disease have been in place in Canada for some
time, yet there was a collective complacency in the Canadian economic
establishment," says Mr. Lazar. "This complacency has allowed policy makers to
remain adamant that everything is fine. Only now are policymakers beginning to
wake-up to the realization that the Canadian economy is not as immune to Dutch
disease as some had predicted."
    The conference is being held at Toronto's Metropolitan Hotel, at
108 Chestnut Street. More information on the conference can be found by
linking to:

    FPAC is the voice of Canada's wood, pulp and paper producers nationally
and internationally in government, trade and environmental affairs. Canada's
forest industry is an $80-billion dollar a year industry that represents
nearly 3% of Canada's GDP. The industry is one of Canada's largest employers,
operating in over 300 Canadian communities and providing nearly 900,000 direct
and indirect jobs across the country.

For further information:

For further information: Paul Vieira, Director of Communications, Forest
Products Association of Canada, (613) 563.1441 x: 323, (613) 884.3312 (cell),
pvieira@fpac.ca; Jeremy Dunn, Curve Communications, (604) 684-3170, (604)
726-8350 (cell), jeremy@curvecommunications.com; Laura Ballance, Curve
Communications, (604) 684 3170, (604) 771 5176 (cell),

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