Canadian Chamber of Commerce reaction to Federal Budget

No surprises budget good news for Canada’s employers

The measures announced in today’s federal budget will continue to support the economic recovery by helping Canadian businesses prosper, compete and create jobs.

“We are pleased that this budget reflects the one tabled in March,” said Canadian Chamber of Commerce President and CEO Perrin Beatty. “The government has endorsed our call for a plan to return to budget balance in the medium term by committing to eliminate the deficit by 2014-15 without raising taxes on businesses and families,” Beatty added. “This will secure the fiscal flexibility that is crucial to our long-term competitiveness and it is encouraging that the government continues to focus on strengthening the economy and creating jobs. That is what businesses and Canadians need now.”

While Canada’s economic performance has been better than that of other countries, the global outlook remains uncertain and a number of economic risks that could impede the recovery still persist. We cannot be complacent and risk economic peril if we do not address our lagging productivity. This fragile situation clearly points to the need for responsible fiscal management.

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