The federal budget identifies the right problems but lacks the vision to alter Canada’s last-place standing in the global economic race
, which foresees steady economic and productivity growth shrinking Canada’s debt burden shrinking ever smaller in the next 30 years.– devoid of any bold economic measures that could turn that long-term projection into reality.
It’s just that the government is not proposing any policy shake-up that would alter the projection of Canada’s last-place standing in that critical economic race. There are some measures that nibble around the edges of Canada’s investment, productivity and growth problem. That will undoubtedly be welcome news for small-ish business owners looking to grow a bit more. But that measure does not address the primary challenge for Canada’s economy, namely clearing the path for medium businesses to become large businesses, and for large businesses to become global leaders. A slightly larger local construction firm will be nice for the owners, and extra employees, but not what the country needs to shake up innovation and productivity growth.
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