On March 18, 2017 Finance Minister Bill Morneau concluded his participation in the G20 Finance Ministers and Central Bank Governors Meeting in Baden-Baden, Germany, where Ministers discussed issues related to global economy, international taxation, financial sector regulation, the international financial architecture, and anti-money laundering and counter-terrorism financing.
Canadian entrepreneurs have more confidence in the economy and plan to boost business investment to $96.6 billion in 2017, according to a new study from the Business Development Bank of Canada (BDC) that is based on a survey of 3,988 executives at small and mid-sized enterprises (SMEs). The highlights of BDC’s report are:
Gérard Deltell, Conservative Finance Critic, slams Trudeau Liberal government over a “buried” government report on looming fiscal crisis and federal debt projections of $1.5 Trillion by 2045. On January 5, 2017, Deltell issued the following statement:
In its recent review: “Soft Economy Sets the Stage for Wider Federal Deficits”, TD Economics cautions against “undertaking actions that would lift the deficit profile significantly above the status-quo.”
Benjamin Tal, the Deputy Chief Economist of CIBC World Markets Inc., says in a note to clients that Ontario will have “little choice” but to follow the example of British Columbia and impose a new tax on foreign real estate buyers who push the house prices upward.
Canadian economic growth will snap back after a second-quarter contraction and will get further lift in 2017 from rising energy prices, low interest rates, and federal stimulus, according to the latest RBC Economics Outlook report. The highlights of the report are: