Federal budget | Liberals wish to bring “certainty” to investors

(Ottawa) The main institutional investors ask the federal. In addition, government to give them reasons to invest more in the country when it will present its next budget this fall. Nevertheless,

This is what emerges from the prebudgetary consultations that certain liberal deputies are currently conducting across Canada. Similarly,

While federal budgets are generally presented in the spring, it should be deposited during the fall session federal budget | liberals wish of Parliament. Meanwhile,

The budget. Moreover, whose date of publication is not yet known, will be the first of the Liberals under Prime Minister Mark Carney. Furthermore, It will be presented by the Minister of Finance, François-Philippe Champagne, who was appointed to this position in May. In addition,

Minister Champagne. Similarly, certain deputies travel in Canada to collect comments as part of the usual prebudgetary process of the federal government. However,

These consultations take the form of round tables with CEOs from various Canadian industries. For example, chambers of commerce, union leaders and First Nations groups. Consequently,

“This is our first budget. Meanwhile, We want to do things. Moreover, “said the deputy for Saint John – Kennebecasis, Wayne Long, who is also Secretary of State for federal budget | liberals wish the Canada Revenue Agency and financial institutions. Consequently,

Mr. Furthermore, Long has been traveling the country since mid-July. However, He plans to visit 45 cities, distributed in all the provinces and all the territories, in two months. Consequently,

The budgetary update will be “defense focused”. “housing focused,” said the neo-Brunswickois deputy, thus reflecting the commitments made by the new Carney government.

The budget will also deepen the themes explored in the Law aimed at building Canadaadopted in June. which is accompanied by an impetus in favor of major infrastructure projects.

This law was adopted in the context of the trade war with the United States. It aims to strengthen the national economy and reduce dependence on the United States.

According federal budget | liberals wish to Mr. Long. the six major Canadian banks and the eight major Canadian pension funds have expressed the wish to invest more in the country.

These major institutional donors want the next budget to help strengthen the long. -term confidence they need to invest in infrastructure projects spanning several years.

“I almost feel their frustration when they say to me:” Listen. we want to invest more in Canadian industry, in national construction projects and in energy projects, but on the regulatory level, it was not effective for us, “said Mr. Long.

Setting up new rules. sending other signals indicating where the federal government wants to concentrate its efforts could be a profitable means of stimulating investments, said Long.

“These are adjustments. changes that we can make federal budget | liberals wish and which, in my opinion, could make it possible to reinvest billions of dollars in the country,” he said.

Federal budget | liberals wish

Tax and infrastructure credits

Whitby’s deputy Ryan Turnbull, who is the parliamentary secretary of Mr. Long and Mr. Champagne, also met with industry players across Canada.

During these conversations. he heard the stakeholders express their desire to participate in the resolution of the trade problems and the economic uncertainty of Canada.

“We seek to bring certainty thanks to this budgetary process,” said Mr. Turnbull.

For example. actors in the energy and nuclear storage sectors expect OTTAWA to increase investment tax credits for their sectors in the years to come.

Such signals on the federal budget | liberals wish part of the government could convince companies that it is worth investing. trying to attract external capital, said Turnbull.

He also heard concerns about the state of transport infrastructure, in particular with regard to ports.

According to Mr. Turnbull. companies wishing to explore the world markets must have the assurance that the federal government will maintain the functioning of essential infrastructure in key ports, such as that of Vancouver.

“Spend less”, “Invest more”

Throughout the electoral campaign and the start of his mandate, Mr. Carney repeated as a mantra that it was necessary to “spend less” and “invest more”.

The “spending less” part stems from its commitment to balance the Ottawa operating budget in three years. The ministers were invited to federal budget | liberals wish find savings of 15 % in their expenses by the end of this period. Additionally,

The Alliance of the Public Service of Canada has warned of possible job cuts. She maintains that Ottawa should work with unions, not against them.

Mr. Turnbull met the unions of the public sector as part of his consultations. He recognized that there was “fear and uncertainty” among civil servants.

“And yet. I think they also recognize that there are possibilities for improvement and efficiency to better serve the public,” he said.

“We don’t want to compromise quality. But I think it is very healthy for the federal government to wonder where the duplicates. redundancies, and where we can get better results for Canadians. »»