'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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American owned propaganda spewing rag says what for $400 please Alex

Of course we can’t. They know that. They’re trying to bankrupt Canada. Once you realize that, the last 8 years make total sense. TrudeauCorruption TrudeauBrokeCanada

All sorts of positive stuff in those comments, and you pick the one who was a Conservative cabinet minister. And you don’t mention the pre-budget consultations that included business.

It's weird cuz when the cons do it you guys say how awesome it is... I can't stand JT , but just stop being so 'murdochy' heh... its just bald faced lies at this point. Always accusing the libs or what the cons are doing... you've become republicans...grow up...doesn't work here.

Post Media are garbage.

Excuse me, 'our' country? That's a laugh! NO, NOT YOUR COUNTRY! You are nothing but a broadsheet tabloid counterpart of your trash sister National Enquirer! American Media Inc. (AMI) ➡️ NatEnquirer ➡️ ConradMBlack ➡️ postmedianet ➡️ ➡️ CPC_HQ

And you conveniently forget about Harper's $160 (non-pandemic induced) BILLION DOLLAR increase to the national debt Pull up your pants, your hypocrisy driven hyper particism is showing

Oily foreign extreme right wing propagandists are supposed to be credible critics of Canadian policies?

The country can not, but the two in the photo can. As long as they are dumping the debt on taxpayers.

WRONG!!! If the country were to borrow .... and invest heavily in economic growth. This would increase the borrowing country's debt-to-GDP ratio temporarily, but could also grow the economy (and GDP) enough to pay off the debt and continue earning increased profits in the future.

I want to join the liberal party of Canada. I heard they hire friends and family with no qualifications requirements. I’m qualified and I can bring change in myself by lining my pockets. Why not?

The National Post is owned by the Postmedia Network Postmedia Network is owned by Chatham Asset Management Their headquarters is in Chatham, N.J. Calling National Post Canadian News is degrading the value of Canadian news. They are just American Billionaires.

A Conservative government will clean up the mess (as it always does)

The American owned National Embarrassment calling Canada our country. How cute. It’s not your country and Canadians aren’t particularly interested in your bullshit propaganda opinions.

A Head tilt with please pet me eyes doesn’t project a smart and competent vibe …. Does it….. nope….

Business and people borrow their way to prosperity every day.

Today's let's hate JT post. Every country on earth runs a deficit and ours per capital is 50% less per PERSON THAN USA. Pick on their fiscal plan.

Judt pass on the expense to us bill payers

History tells us that heavy deficit spending has devastating effects financially & socially. With approximately $300 trillion in global sovereign debt, only bullion Will Solve the issue and only for the few.

Our country is on the verge of bankruptcy. Thanks to Liberals and their lame FM.

JJJ80723924 Garbage leaders

Oil industry: suck it.

That’s not what the liberal parties are trying to do, they’re trying to bankrupt Canada and get all their friends and relatives rich in the process

Fundamental economics is lost on the Trudeau Liberals.

Trudeau has proved that he wants to destroy Canada, Trudeau for Treason

The Repuglican vibe people, can you feel the hate? It spews from this rag just like it does from PeePee.

Look at these sneering vampires. Canada needs 350,000 homes built per year. Where was that critical infrastructure mentioned in their bloated 'budget'? They spend borrowed money on vote buying and cow farts. TrudeauDestroyingCanada

Weak over-spending liberal government.

Yes, they can. Plenty of successful businesses/institutions employs a spend-to-grow philosophy that includes max leveraging their boring power.

Our debt to GDP ratio is lower by far than both the UK and the US. Besides, why not? We all borrow our way to prosperity. It’s the capitalist way.

But we can donate billions to muslim refugees and ukraine and thats ok?

Nobody in the history of economics believes you can buy your way into prosperity other than politicians….!!!!

Whatever happened to job creation, there has to be a large base in the manufacturing of goods for any economy to be more self reliant as we witnessed during the pandemic. Has Canada taken any steps towards this practical goal?

Haggisman57 Double Down! No wait, ...at current rates, ...taking inflation into account... *sound of calculator tapping* Double Up!

Does nothing to address lagging business investment. It is a component of future productivity and standard of living increases. Not good for Canadians.

Still waiting for the budget to balance itself... guess I'll check back in another 7 years

LIB hustle. Trudeau keeps telling us how low our unemployment numbers are, how wonderful our economy is & how our debt to GDP ratio is the ‘best’ among G7 countries. Yet the Liberals keep producing deficit budgets & keep piling on the debt. Someone is lying. 👇🏾👇🏾

Liberals have no business sense

That is common sense to most Cdns. But certainly NOT to JustinTrudeau & cafreeland.

lamphieryeg Why the huge disconnect between the high level of education and the low economic outlook Something is definitely not working correctly.

Freeland was talking “fiscal responsibility” last month. So much for that idea. 😬

Conservatives NEVER help anyone except themselves, rite PierrePoilievre ? U made millions from freeloadin off taxpayers over 20 yrs; lives in mansion, never missed a paycheque, never missed a meal & collects rent as Cooper4SAE landlord! Life is FAT ONLY for Cons! budget

Liberals, doing what they do, will destroy the budget until a new government has to come in and clean up the mess

Seize assets of Criminals, including the PRC gangsters/investors. Deport them immediately.

Does anyone remember when the liberals promises a couple of years of $10B debt, then roses? This government has doubled the national debt and their voters still support it. It's mind numbing.

I feel sorry for the person that has to fix this mess. 😞

So we have record debt but it was announced this morning that Justin Trudeau is going to be sending another 2.4 billion of our tax dollars to Ukraine. I'm glad the Trudeau Administration has their priorities in order🤔🙄

Only the very simple-minded think that gov can be run like a business.

It’s not about what is fiscally responsible, it’s all about what what makes Trudeau look good, Morneau told us that!

No word on the largest budget/deficit in Ontarios history handing billions of borrowed money from Ontarian’s to wealthy corporations? WHILE our services are cut? No? Nothing to say about that?

writing cheques on a bank account that’s already overdrawn is not a solution Mr. JT

This is why PierrePoilievre calls ChrystiaFreeland 'minister of inflation' cdnpoli Budget2023

Thank you very much for the reminder that business should never be allowed to enter politics. And if they believe this, then let's make them pay back their COVID handouts/subsidies. What a farce.

the best economy in the G7 begs to differ

Canadian labour congress is right, not near enough for workers!

The US national debt is over 31 trillion dollars and yet, no Republican or Democrat politician is shaking in their boots. No US business leaders are calling for fiscal restraint. Yes, our debt is high, but in time we will get spending under control.

Thank god for Trudeau and the Liberals who have proven real leadership for ALL Canadians. Keeping Canada strong including the economy. Conservatives can't handle the books so they privatize everything and cut important services which makes the working class unable to live?

SnoGeezer Hard to believe liars.

WAKE UP CANADA!!!!!!!

Business should reimburse all the COVID cash and subsidies they have received from our country. If they do this voluntarily our budget deficit would be wiped out and they’d be no need for high tax revenue.

All our policies are wrong when we are living in our propaganda rhetoric and out of touch with reality. To fall with the US? or to grow with China? That's the question for our future.

Here’s a comment on Corporate Canada

It is buying government dependency.

Funny how other governments can balance budgets, but Trudeau has never done that in his life, even long before covid came around.

Canada will wallow in slime as long as these individuals are involved in gov! TrudeauDestroyingCanada

They are right. let's increase corporate taxes.

Not enough tax breaks for the corporatre welfare recipients.

Her lack of financial education is so evident. Her Harvard woke education is dangerous

So incompetent, corrupt political elites screw everyone over and mainstream media churns out banal predictable finger-wagging. It all falls within the Overton window of mainstream narratives, everyone plays their role and nothing changes.

R8ch siphon off too much keave govt to answer calls for help by working poor families with disabled kids seniors with no savings. So govt borrows from taxpayers...working poor help each other through govt clearing house

It doesnt need to...trillions in circulatikn mainly in the hands of the rich. Filling everyday needs groceries housing clothing drive the economies...stock mkt gambling is just that and the rich gamble with our future. Wages have hardly moved in 30 years

Then raise taxes or cut seniors benefits

cafreeland - and how many times ca have you been told this? - start to listen -if you cannot do your job or step down

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