Joe Oliver (politician)

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Prime MinisterStephen Harper
Preceded byJim Flaherty
Succeeded byBill Morneau
Prime MinisterStephen Harper
Joe Oliver
Minister of Finance
In office
March 19, 2014  November 4, 2015
Prime MinisterStephen Harper
Preceded byJim Flaherty
Succeeded byBill Morneau
Minister of Natural Resources
In office
May 18, 2011  March 19, 2014
Prime MinisterStephen Harper
Preceded byChristian Paradis
Succeeded byGreg Rickford
Member of Parliament
for Eglinton—Lawrence
In office
May 2, 2011  August 4, 2015
Preceded byJoe Volpe
Succeeded byMarco Mendicino
Personal details
BornJoseph Oliver
(1940-05-20) May 20, 1940 (age 85)
Montreal, Quebec, Canada
PartyConservative
SpouseGolda Goldman
Alma materMcGill University
Harvard University

Joseph Oliver, PC (born May 20, 1940) is a Canadian politician who served as Minister of Finance from 2014 to 2015. He was elected to the House of Commons in the 2011 federal election[1] and represented the electoral district of Eglinton—Lawrence as a member of the Conservative Party until his defeat in the 2015 election. In 2017 Oliver was named non-executive chairman of the board of Echelon Wealth Partners, an independent, Canadian-owned and operated wealth management and capital markets firm.[2] In March 2019 he was appointed to the board of directors of the Independent Electricity System Operator (IESO).[3]

Oliver was born and raised in Montreal, Quebec, to a Jewish family. His father was a dentist and his mother was a teacher. He grew up attending Congregation Shaar Hashomayim.[4] He is married to Golda Goldman and has two sons, David and Jeffrey.[5]

Oliver received a Bachelor of Arts degree in 1961 and a Bachelor of Civil Law degree in 1964 from McGill University.[6] He received an MBA from the Harvard Business School in 1970.[7]

Following his studies he became an investment banker with Merrill Lynch and then Nesbitt Thomson. He became executive director of the Ontario Securities Commission and was also named the CEO of the Investment Dealers Association of Canada.

Political career

2008 and 2011 elections

Oliver ran in the Toronto riding of Eglinton—Lawrence in the 2008 election, but lost to the longtime Liberal incumbent, Joe Volpe. In the 2011 election, he defeated Volpe to win the seat.[8]

Minister of Natural Resources

On May 18, 2011, Oliver was sworn in as the Minister of Natural Resources.[9] In June 2011, Oliver repeated Harper's campaign promise to support Quebec's asbestos industry, by claiming that chrysotile asbestos, a carcinogen, could be used "in a safe and controlled manner."[8] As Natural Resources Minister, Oliver also oversaw SNC-Lavalin's purchase of Atomic Energy of Canada.[8] Oliver has also defended pipeline projects for Canada's oil sands such as Keystone XL and the Enbridge Northern Gateway Pipelines.[8] In a January 2012 open letter defending Keystone XL Oliver called Canadians who opposed the project "radicals" who "use funding from foreign special interest groups to undermine Canada's national economic interest."[8] During his time as natural resources minister, the ministry's advertising budget grew from $237,000 in 2010–11 to $40 million in 2012–13.[8] Also under Oliver, the regulatory checks on the energy industry's super-projects such as Keystone were streamlined.[8]

Minister of Finance

On March 19, 2014, Oliver was appointed to replace Jim Flaherty as Minister of Finance.[10] In January 2015, Oliver announced that the budget would not be tabled until April, instead of the usual February to March, because of economic uncertainty caused by the rapid drop in oil prices.[11] On April 21, 2015, Oliver presented the federal budget, which projected a $1.4 billion surplus by taking $2 billion from the country's contingency fund.[12]

2015 Election

During the 2015 Canadian federal election, Canada was officially declared to be in a recession and fellow cabinet minister Jason Kenney, who unlike Oliver, was running in a safe riding, was the primary Conservative spokesperson on the economy.[13] Meanwhile, Oliver kept a low profile: he cancelled two speaking events in Toronto, one at a men's club, discreetly attended a G20 conference in Turkey, and focused on winning his riding.[13][14][15] Oliver lost the seat to Liberal challenger Marco Mendicino.[16]

Attempted political comeback

Oliver announced in October 2016 that he was seeking the nomination of the Progressive Conservative Party of Ontario in York Centre for the 2018 provincial election. On January 15, 2017, Oliver lost the nomination to 36-year-old lawyer Roman Baber by a margin of 711 to 465 votes.[17]

Electoral record

2015 Canadian federal election: Eglinton—Lawrence
Party Candidate Votes%±%Expenditures
LiberalMarco Mendicino27,27848.89+10.47$155,849.60
ConservativeJoe Oliver23,78842.64-4.18$183,256.52
New DemocraticAndrew Thomson3,5056.28-5.32$114,205.95
GreenMatthew Chisholm7991.43-1.74$217.60
LibertarianEthan Buchman3080.55
Animal AllianceRudy Brunell Solomonvici1140.20$5,129.72
Total valid votes/expense limit 55,792100.00 $210,250.86
Total rejected ballots 3280.58
Turnout 56,12072.45
Eligible voters 77,463
Liberal gain from Conservative Swing +7.32
Source: Elections Canada[18][19]
2011 Canadian federal election: Eglinton—Lawrence
Party Candidate Votes%±%Expenditures
ConservativeJoe Oliver22,65246.81+7.56
LiberalJoe Volpe18,59038.42-5.57
New DemocraticJustin Chatwin5,61311.60+3.18
GreenPaul Baker1,5343.17-5.17
Total valid votes 48,389100.00
Total rejected ballots 3020.62+0.12
Turnout 48,69168.02+8.27
Conservative gain from Liberal Swing +6.57

Source: Elections Canada

2008 Canadian federal election: Eglinton—Lawrence
Party Candidate Votes%±%Expenditures
LiberalJoe Volpe19,13343.99-8.90$46,582
ConservativeJoe Oliver17,07339.25+9.00$82,193
New DemocraticJustin Chatwin3,6638.42-3.07$4,729
GreenAndrew James3,6298.34+3.22$6,136
Total valid votes/expense limit 43,498100.00$82,294
Total rejected ballots 2190.50
Turnout 43,71759.75
Liberal hold Swing -8.95

Boards of directors

References

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