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The focus of the fall fiscal update will be on making the Canadian economy more competitive even as concerns mount about an oil price glut hurting Alberta. Finance Minister Bill Morneau spoke with reporters from Toronto on Friday following a meeting with private-sector economists. He and the government have increasingly faced calls from critics in recent weeks to increase competitiveness to keep business from fleeing south to the United States. READ MORE: Canada has the ‘capacity’ to handle a recession despite continued deficit, Morneau says “What you’re going to see us talking about next week is how we can ensure we can continue to be successful in the face of challenges that we’re seeing,” he said at a Kiwanis Boys and Girls Club event. “We’re seeing the economy right now doing well, but we recognize that we need to think about how we’re competitive tomorrow and the day after, so that we can create the kind of jobs we want for young people like the ones that are in this room.” WATCH BELOW: Extended interview with Finance Minister Bill Morneau Morneau continued, adding, he has heard concerns across several economic areas. “What I heard from the private-sector economists is […]
