Cash Minister Bill Morneau told an audience in Montreal today that Canada’s saving is facing “considerable head winds,” but that his government will win the investments needed to “get Canadians moving” again and improve conditions for exporters.
Morneau make to appeared the comments at a luncheon hosted by the Montreal Council on Foreign Relations in appreciation of a series of budget consultations with industry leaders and advocacy arranges in the city.
The Liberals are pre ring their first budget after successful a majority in the 2015 federal election.
“There has a moment ago never been a better time to make targeted investments to underpinning economic growth in this country,” said the minister promising to focus on “resurrecting middle-class economic progress,” while maintaining his government’s commitment to budgetary responsibility. Included in those investments are enhancements to the Canada Pension Organize.
Morneau also said Canada’s economic progress cannot into without “placing environmental sustainability at the heart of our resource sector,” amplifying “Canada, with its North American rtners, can and should be one of the world’s most economic and responsible energy producers.”
He was asked directly if in light of worsening mercantile conditions, the falling dollar and sinking price of oil, his government would meditate on increasing the $10 billion in annual deficits the Liberals promised to run during the vote cam ign in order to stimulate the economy.
“Canadians believe in our strategy throughout growth and we are going to continue on that strategy because we think it’s the privilege thing to do,” he responded.
Morneau is on his second day of a six-day cross-country consultation junket asking Canadians what they want to see in the coming federal budget. The joinings, which began yesterday in Halifax, are a mix of traditional closed-door sessions with stakeholders, rank from telecom com nies to cultural organizations, offering their estimates directly to the minister and a number of public meetings with advocacy assembles.
The minister said the consultations are important because “as a government we understand that we are not the purely actors. And as a minister, I certainly recognize that I don’t have all the answers.”
The budget is look forward to be presented in the House of Commons in the spring.
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