News Summary

• Prime Minister Mark Carney has promised the federal budget will address persistent economic problems and a shattered trade relationship with the U.S.
• The Canadian economy is in poor shape and getting worse, with declining GDP/capita, weak GDP growth and almost seven per cent unemployment.
• The last thing Canada needs is European policies, which have resulted in weak economic growth resulting from sky-high energy prices, de-industrialization and unaffordable social programs.
• Whether Finance Minister François-Philippe Champagne actually deals with fundamental economic problems will depend on whether his budget takes concrete measures to constrain overall government involvement.