Despite clouds of uncertainty over the North American Free Trade Agreement and federal corporate tax policy, Bill Morneau sounded optimistic when he announced the budget date of February 27.
(Sean Kilpatrick/Canadian Press)
”We’ve seen real improvements over the last couple of years for middle class Canadians, more confidence and among the lowest unemployment rates in the last 40years, but there’s more work to do,” Morneau told the House of Commons.
The federal finance minister is to sit down this Friday in Toronto with leading economists at a meeting that usually includes about a dozen experts from major banks, think tanks and trade associations.
Some feel the state of the economy will give Morneau more elbow room compared to his fiscal update last October, others are not so sure.
Regardless there’s a general feeling the government should proceed cautiously and be prepared to deal with the unknown impacts of the renegotiation of NAFTA and Washington’s move to slash corporate taxes.