April 2015

YOU CAN'T HIDE MUCH LONGER JOE

People are beginning to wonder where exactly Minister of Finance Joe Oliver is these days.

 He certainly hasn’t been in Parliament answering questions about the economy and how the government intends to act to strengthen economic growth and job creation. The reason given is that he is working on the budget. Parliament will adjourn this week for another “holiday” and will not return until April 20th. He plans to meet with private sector economists on April 9. Maybe he will come out of hiding after that.

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A WASTED OPPORTUNITY

All political parties love to make public announcements in support of infrastructure spending, and why not? Canadians know that much of the infrastructure in Canada needs to be improved or replaced. This is true for transportation systems, public utility systems, education infrastructure, health care infrastructure, and senior care infrastructure, to mention only some of the areas where more infrastructure investments are needed. Canadians want to hear what their political parties are proposing to deal with upgrading their infrastructure. Unfortunately they are not hearing much.

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INFRASTSRUCTURE SPENDING: A LOT OF TALK AN NO ACTION

All political parties love to make public announcements in support of infrastructure spending, and why not? Canadians know that much of the infrastructure in Canada needs to be improved or replaced. This is true for transportation systems, public utility systems, education infrastructure, health care infrastructure, and senior care infrastructure, to mention only some of the areas where more infrastructure investments are needed. Canadians want to hear what their political parties are proposing to deal with upgrading their infrastructure. Unfortunately they are no hearing much.

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YOU CAN'T HIDE MUCH LONGER JOE

People are beginning to wonder where exactly Minister of Finance Joe Oliver is these days.

 He certainly hasn’t been in Parliament answering questions about the economy and how the government intends to act to strengthen economic growth and job creation. The reason given is that he is working on the budget. Parliament will adjourn this week for another “holiday” and will not return until April 20th. He plans to meet with private sector economists on April 9. Maybe he will come out of hiding after that.

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WHY WOULD THE GOVERNMENT EVEN WANT A BUDGET?

It was only eight weeks ago (January 13th to be precise) that Joe Oliver announced that he was postponing the budget until sometime after April 1st. His excuse was that rapidly falling oil prices were creating an unusual high degree of uncertainty for budget planning and that he needed more time to assess the future course of oil prices and their impact on the economy.

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