The finance minister said what? Part 2
Federal Finance Minister Bill Morneau (pictured above) recently appeared on BNN Bloomberg and made a number of incredibly worrying statements indicating that he (and the federal government) are either wholly misunderstanding the significance of the country’s competitiveness challenges or simply choosing to ignore them. These statements were reiterated in a column published in the National Post.
The backdrop to the interview is that yet more business leaders have come out publicly to demand action by Ottawa to deal with eroding competitiveness. In just the last week or so, the CEO of Royal Bank of Canada, David McKay, said Canada has a “critical competitiveness challenge” and recommended it be addressed with “tremendous urgency.” McKay’s comments dovetailed with statements made by the former governor of the Bank of Canada, David Dodge, who said Canada was “shooting itself in the foot” in terms of competitiveness.