February 22nd, 2018

Feds to table budget Feb. 27 as Canada faces trade, competitiveness uncertainty

By The Canadian Press on February 13, 2018.

Minister of Finance Bill Morneau speaks to reporters after leaving a cabinet meeting on Parliament Hill in Ottawa on February 6, 2018. With so much uncertainty surrounding trade and competitiveness, private-sector economists will press Finance Minister Bill Morneau to keep his fiscal powder dry when they gather later this week for a pre-budget meeting. Morneau is scheduled to sit down Friday in Toronto with leading economists at a roundtable that typically includes about a dozen experts from commercial banks, think tanks and trade associations. THE CANADIAN PRESS/Justin Tang

OTTAWA – Finance Minister Bill Morneau will introduce the federal government’s latest budget on Feb. 27 as the country faces persistent uncertainty around trade and competitiveness.

Morneau made the announcement today in the House of Commons during question period.

The budget will arrive as Ottawa deals with the economic unknowns related to the tough renegotiation of the North American Free Trade Agreement.

The federal government has also been forced to monitor any damage to Canada’s competitiveness caused by the U.S. move to lower corporate taxes.

But the budget will also land following a series of stronger-than-expected economic numbers in recent months.

Morneau’s fall fiscal statement in October predicted a deficit of $18.4 billion in 2017-18 and a $15.6-billion shortfall in 2018-19 – and some experts say those numbers could be even smaller thanks to Canada’s recent performance.

Share this story:

Leave a Reply

You must be logged in to post a comment.