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Confidence in Canada's fiscal health is 'eroding,' says business group president


Published on 2024-12-14 07:00:47 - MSN
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  • The president of the Business Council of Canada (BCC) says the business community's confidence in the federal government's picture of Canada's fiscal health is "eroding" and suggests federal finances are "almost being manipulated.

The article from MSN discusses the diminishing confidence in Canada's fiscal health as articulated by the president of the Business Council of Canada, Goldy Hyder. He highlights that despite Canada's historical reputation for fiscal responsibility, recent economic indicators and policy decisions are causing concern. Hyder points out that the federal government's spending has led to a significant increase in the national debt, now exceeding $1 trillion, which is a stark contrast to the fiscal conservatism of previous decades. He criticizes the lack of a clear plan to manage this debt, especially in light of rising interest rates which make servicing the debt more expensive. Additionally, he mentions the potential negative impacts on business investment due to this uncertainty, suggesting that without a credible fiscal framework, Canada risks losing its economic stability and attractiveness to investors. The article also touches on the broader implications for economic growth, job creation, and the sustainability of public services.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/health/other/confidence-in-canada-s-fiscal-health-is-eroding-says-business-group-president/ar-AA1vQF9x ]