If Bill Morneau keeps his post, he needs to start speaking for business — not Team Trudeau

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 63 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 80%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Kevin Carmichael: There’s a long tradition of the finance minister being the voice of job creators. Morneau allowed it to go quiet

The pre-Trudeau generation of Canadian politics produced two outstanding finance ministers, Paul Martin and Jim Flaherty.

This dynamic was good for the country because it instilled confidence with business leaders, who, love them or hate them, are necessary for making the economy run. Unfortunately, it hasn’t existed since Flaherty resigned from Stephen Harper’s government in March 2014, a few weeks before his death. I think it’s one of the reasons that Ottawa and the Canadian Establishment are so out of tune these days.

Bank of Canada Governor Stephen Poloz’s term ends in the spring, so there could be an unfamiliar face running the central bank at about the same time that some forecasters think the global economy will start to tumble. If that were to happen, the sight of an independent finance minister would calm nerves. Morneau would do well to use his next budget, or even a speech in the near future, to show the public that he is getting ready for a downturn, just in case.

That’s not a bad idea. Neither are the other five: an agency that would help identify nationally important infrastructure projects; a review of the tax system with the goal of simplifying it; rethinking international policy for a world that includes a protectionist America and an assertive China; greater immigration; and a coherent resource-and-climate policy.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Yah right, the Liberals DO NOT represent Canadians,

Morneau is team Trudeau 100 % and doesn't give a damn about business, Canada or the economy.

Aladdin Watch 2019 Aladdin's Finance Droid Will Do It's Best 🤡 TrudeauJr PeterPanPM MagicKingdom

liberal stooge nothing more

Flaherty was great That's hilarious. While the US financial sector was melting, he was still predicting surpluses in Canada. Flaherty did nothing until the cons were forced by the opposition to come out with a stimulus budget.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 10. in BE

Belgique Dernières Nouvelles, Belgique Actualités