News Release Article from  Department of Finance Canada

Minister Morneau Meets With Private Sector Economists

As the Department of Finance continues its pre-budget consultations, Finance  Minister Bill Morneau met today with a group of Canada’s leading private sector  economists to gather their views on the Canadian and global economies.

The private sector economic forecasts have been used as the basis for  fiscal planning since 1994 and introduce an element of independence into the  Government’s fiscal forecast. This practice has been supported by international  organizations such as the International Monetary Fund.

Quick Facts

  • Though  recent global economic developments are more negative than expected in last  November’s Update of Economic and Fiscal  Projections, the economists noted that Canada’s underlying economic and  fiscal fundamentals remain sound.
  • On January 1st, the Government cut  taxes for an estimated 9 million Canadians through its middle class tax cut.  This is a first step in a plan to grow the economy by strengthening the middle  class, making historic investments in infrastructure and enhancing child  benefits for low- and middle-income Canadians.
  • The Government is committed to investing in the  economy and creating conditions for long-term economic growth.


"As we plan for the  next budget, we are working to address the conditions that have led to weak  growth and to the challenges that are affecting so many Canadian families  today. Our government will make the necessary investments in the economy to  ensure it works for middle class Canadians not just now, but in the long run."

- Bill Morneau, Minister of Finance

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Media Contacts

Annie Donolo Press Secretary Office of the Minister of Finance 613-369-5696

Jack Aubry Media Relations Department of Finance 613-369-4000

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