IMF warns Canada to rebalance, diversify economy

The Trudeau government is putting much stock in Canada’s pursuit of free trade agreements and expanded efforts to diversify trade by building new markets. But without competitive industries these trade pacts don’t mean much.

Finance Minister Bill Morneau’s budgets, and indeed the overall messaging from the Trudeau government, are all about strengthening the middle class, the big promise at the core of the Liberal election campaign in 2015. But as the IMF warns, for Canada 'revitalizing productivity and finding new export markets will be key to create jobs for the middle class over the medium term.'The Hill Times photographd by Jake Wright

Opinion

BY DAVID CRANE

August 14, 2017

TORONTO—While the International Monetary Fund forecasts that Canada will have the fastest-growing economy in the G-7 this year, it would be a big mistake to become complacent. We face a challenging future. Finance Minister Bill Morneau’s budgets, and indeed the overall messaging from the Trudea...

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