Canadian Finance Minister Bill Morneau anticipated what critics would identify as his new budget’s biggest weakness.
“We know businesses are concerned about the outcome of North American Free Trade Agreement [NAFTA] talks, and tax changes in the United States,” Morneau told the House of Commons after tabling his financial plan for 2018. “We will be vigilant in making sure Canada remains the best place to invest, create jobs and do business — and we will do this in a responsible and careful way, letting evidence, and not emotion, guide our decisions.”
Morneau’s promise of “vigilance” was all Prime Minister Justin Trudeau’s government offered to those who had called for a response to US President Donald Trump’s aggressive use of trade and tax policy to bully and cajole companies into creating jobs in the United States.
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