Budget 2024

Tax and spend fiscal plan will inhibit growth

Robert Asselin believes the Canadian government needs a more prudent approach to fiscal policy as the economic outlook is weakening. He shares his perspective with The Globe and Mail in an article about the upcoming fall economic update.

“The big factor is we’ve seen in the last few weeks, our yields have gone up. So that tells me that financial markets are becoming a bit more wary of the amount of debt that governments are taking on, and that’s an important development. I think that’s very significant going forward.” 

Robert Asselin, Senior Vice President, Business Council of Canada