Canadian Chamber response to Canada’s Fall Economic Statement
Still waiting on a strong, clear path to restore economic growth – Canadian Chamber of Commerce
The Canadian Chamber of Commerce’s President and CEO, Perrin Beatty, issued the following statement today in response to today’s Fall Economic Statement:
“Today’s Fall Economic Statement was an opportunity for the government to lay out a blueprint for how to create strong, sustainable economic growth. Unfortunately, it seems we will need to wait at least until Budget 2023 for details on a clear plan.
Although we welcome the commitment to fiscal prudence and the commitment to move towards a balanced budget, today’s statement was essentially a placeholder. We still lack a coordinated strategy to generate the investment required for strong growth.
We had hoped to see low-cost growth measures like a plan to eliminate longstanding barriers to interprovincial trade and to substantially reduce the regulatory burden. We also urge the government to produce an integrated plan to get desperately-needed food, fuel and fertilizer to global markets.
The Canadian Chamber welcomed the Minister’s announcement of measures to increase the supply of skills needed in our workforce to achieve net-zero and to provide tax credits for investments in clean technologies and clean hydrogen, as well as the commitment to reducing regulatory obstacles to investment in major projects.
Canadian business is anxious to work with the government to produce a comprehensive strategy for growth. Given the headwinds that Canada’s economy currently faces, that strategy is more needed than ever before.”