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.
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.
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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.