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March 22, 2017
The 2017 federal budget offers a range of promising initiatives on innovation and skills development, but says surprisingly little about the overarching need to strengthen Canada’s economic competitiveness, the Business Council of Canada says. Overall, Finance Minister Bill Morneau’s second budget reflects a cautious, wait-and-see approach. The federal deficit is projected to rise from $23-billion in 2016-17 to $25.5-billion in 2017-18, before receding gradually over the rest of the government’s mandate. As a share of Gross Domestic Product (...
March 2, 2017
In a pre-budget letter to Ontario Minister of Finance Charles Sousa, The Honourable John Manley, President and Chief Executive Officer of the Business Council of Canada, commended the province for its commitment to balancing the budget by 2017-2018. Growing at 2.6 per cent last year, Ontario’s economy is one of the strongest in Canada – but one of the most susceptible to changes in the global economic environment. Currently, Ontario pays some $12 billion a year servicing its debt – rivaling the amount ...
February 15, 2017
A laser-like focus on competitiveness is the key to generating long-term economic growth and ensuring a better future for all citizens, writes The Honourable John Manley in a letter to Prime Minister Justin Trudeau. With President Trump planning major changes to American trade, fiscal and regulatory policies, Mr. Manley suggests that the best way to ensure Canada’s success is to position our country as a magnet for trade, investment, innovation and people. Read more here.
November 30, 2016
Statement by The Honourable John Manley, President and CEO of the Business Council of Canada, on yesterday's announcement on pipeline projects: "The Business Council of Canada applauds the Prime Minster and the federal government for its pipeline decision, which balances strong environmental protection with responsible energy development. We are firmly of the view that the vast majority of Canadians support this approach, recognizing the importance of Canada’s energy sector to job creation and economic growth." "The federal government has ...
November 9, 2016
Canada’s business leaders congratulate President-elect Donald J. Trump on his, and his party’s, victory in yesterday’s election. Canada and the United States have built an enduring relationship that has benefited citizens in both countries and is an example for the world. For more than 40 years, the Business Council of Canada has championed closer economic and security cooperation between Canada and the United States. We look forward to working with public and private sector leaders on both sides ...