The larger federal deficit is intended to keep Canada more competitive.
“We think the deficits, by G7 standards, is relatively modest and we see this as an opportunity to invest. We look at the economic results over the last three years where we have invested in Canadians, we’ve invested in skills development, we’ve invested in infrastructure, and we see that the results of these investments is that there are more Canadians working than ever before and they’re working with higher wages. So we’re encouraged by the path we’ve been on.”
Minister of International Trade Diversification Minister Carr says they are conscious of an appropriate level of debt and that the country is in good shape. The best example, according to Carr, is that Canada is doing better than our competitive partners.
Steel and aluminum tariffs have hit the Parkland and some of its businesses hard.
Even after the USMCA was signed the states continue to impose them.
“They are wrong. We were left no choice but to retaliate, which we did with 16.6 billion dollars of tariffs of our own. We continue to be hopeful that those tariffs will be eliminated. We have absolutely no business imposing those tariffs on each other."
Carr hopes calmer heads will prevail in the United States.
