Canada low-profile industry minister has big tasks
By David Ljunggren
OTTAWA (Reuters) - Canada's new industry minister, Christian Paradis, is a cautious low-profile politician with little experience handling the tricky files he will now face.
Paradis was named to his new post in a cabinet shuffle on Wednesday. He had spent the previous 16 months as the minister of natural resources, where he rarely made headlines.
The 37-year-old lawyer is one of only five legislators the governing Conservatives have from the politically important, predominantly French-speaking, province of Quebec and as such was almost guaranteed a good job.
"Perhaps his profile in Quebec is higher, and that would be something the government needs," said James Farney, a political studies professor at Queen's University in Kingston, Ontario.
Paradis, who sometimes struggles with his English, now has a heavy workload. First, he must decide whether to approve a proposal by the London Stock Exchange to buy TMX Group, the operator of the Toronto Stock Exchange.
If he turns it down, critics will accuse him of betraying the government's pro-market principles. If he approves it, he is likely to be castigated for letting a Canadian entity pass into the hands of foreigners.
The industry minister is also responsible for reforming the telecommunications sector. The government says it wants most of its new policy on whether to lift foreign ownership limits in the industry to be ready by the end of the year.
Tony Clement, who preceded Paradis in the job, said the investment policy would have to be twinned with a decision on how to proceed with a planned auction of wireless spectrum, provisionally set for late next year. Continued...