1 week ago
Swift News
Business leaders have a wide-ranging wish list for the upcoming federal budget in the hopes Prime Minister Mark Carney's government addresses everything from the country's investment environment to tax relief and improved access to capital.
While Canada's industrialists note that the government will have to make trade-offs with what it can fund, some say support for businesses can help improve Ottawa's fiscal position by spurring growth.
"We want to see initiatives that bring the private sector back into the economy and investing in the economy. We live in a world where capital is becoming increasingly sparse; there's a lot of competition for capital out there," said Theo Argitis, senior vice-president of policy at the Business Council of Canada.
He wants to see measures that lower uncertainty for businesses and make the investment environment more favourable.
The federal Liberals are scheduled to table the budget on Nov. 4. Carney has billed it as one of both cost-cutting and investment as his government attempts to balance fiscal restraint with supports needed to protect and grow an economy hit by U.S. tariffs.
