Statement from Canadian Chamber on Fall Economic Update
Canada’s business community remains extremely worried by the government’s lack of a robust plan to tackle the expanding deficit and revive economic prosperity. Any business owner knows the dangers of staying in the red year after year. Any homeowner knows that mortgages shouldn’t get bigger over time. The lack of fiscal accountability demonstrated in today’s Fall Economic Statement (FES), combined with a government in total disarray, creates profound instability for Canadian businesses and families at a time when we need the opposite.
If that weren’t enough, Canada needs to prepare for the challenges ahead posed by Trump’s tariff threats. This is the number one issue facing Canadian businesses — it endangers our economic stability, jeopardizes our jobs, and undermines our global competitiveness. From manufacturers to farmers, a strained relationship with the U.S. will be felt across every sector. We salute the $1.3B investment in border security, that signals that the government understands the magnitude of this threat. Priority number one for the government should be to work with the Canadian business community to ensure our collective economic security.
Candace Laing, President and CEO, Canadian Chamber of Commerce
https://chamber.ca/news/2024-fall-economic-statement-our-policy-experts-insights/