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Canada in “investment crisis” business council says in federal budget submission
The Business Council warns that without fiscal anchors, rising federal debt could undermine prosperity and urges the government to halve the $68.5 billion deficit within three years.
- The Business Council of Canada CEO Goldy Hyder urged Prime Minister Mark Carney to control spending in a budget submission, warning against increasing debt without a plan to manage it.
- According to the council's survey, members emphasized the need for fiscal anchors to guide government spending and ensure public finances are responsibly managed.
- Most respondents supported a debt-to-GDP ratio that is stable or declining and advocated for balanced budgets, highlighting concerns over debt-servicing costs.
- The council conducted a survey of its members, with nearly unanimous agreement that the government needs fiscal anchors for prudent budget management.
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Business Council Warns of ‘Investment Crisis’ in Letter to Ottawa on Budget
The Business Council of Canada (BCC) has warned in an open letter to the federal government that the next budget must tackle the issues of declining investment and growing deficits. The BCC said in its Oct. 1 letter that the country needs more public and private investment to increase productivity and boost growth, as it is currently “in the midst of an investment crisis.” The letter, written by President and CEO Goldy Hyder, also raises concern…
·New York, United States
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The Globe & MailReposted by 
einnews.com
einnews.comBusiness council warns Ottawa against growing federal debt to solve Canada’s ‘investment crisis’
In a federal budget submission, Business Council of Canada CEO Goldy Hyder says Ottawa should at least halve this year’s deficit within three years
·Canada
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Total News Sources34
Leaning Left19Leaning Right3Center4Last UpdatedBias Distribution73% Left
Bias Distribution
- 73% of the sources lean Left
73% Left
L 73%
15%
12%
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