Morneau’s the voice of sunny optimism, but what if he’s wrong?
A group of former high level public servants contends we could face a decade in which there is no improvement in the real level of consumption for working Canadians and their families unless more Canadians in the 55-74 age group continue to work and unless we can achieve a serious improvement in productivity by becoming much more innovative. While both may be achievable, neither is assured without major effort.

TORONTO—Finance Minister Bill Morneau is the voice of sunny optimism. But what if he is wrong? While Morneau’s recent fiscal outlook portrayed a country on the right track, a group of former high-level public servants, now in the private sector, has a much more sober message about prospects over...
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