'Our country can't borrow its way to prosperity': Business reacts to budget 2023

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Business lobbyists, labour leaders and economists offered mixed reviews of Chrystia Freeland\u0027s 2023 budget. Read on for some highlights.

would provide “some relief,” said Bruske, but it fails to tackle the root of the problem, which she said was, “corporations putting profits before people.”The head of the Canadian Federation of Independent Business said he was pleased the federal government secured agreements from major credit card companies Visa Inc. and Mastercard Inc. to reduce the fees smaller businesses are charged when customers use credit cards.

“An extension to the Canada Emergency Business Account loan repayment deadline of Dec. 31, 2023, is desperately needed and will be a major priority for CFIB in the weeks ahead.”Dennis Darby, president of the trade association that represents exporters and factory owners, could barely contain his enthusiasm with a budget the promises to spend billions of dollars on overhauling the economy to run on electricity.

“The Government of Canada has ambitious goals to reduce emissions from the oil and gas sector, but to meet these goals, there needs to be sufficient co-investment from federal and provincial governments along with industry,” Pathways Alliance president Kendall Dilling said in a statement.

 

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