Federal budget won’t contain specific actions to address Trump uncertainty
OTTAWA — If the Trudeau government plans to take steps to address the economic risks of the Donald Trump presidency, they won’t be in the upcoming federal budget.
Following weeks of meetings between Liberal cabinet ministers and the Trump administration, sources say Ottawa feels it can proceed with the plan it laid out before the U.S. election.
Finance Minister Bill Morneau’s second budget March 22 comes as Ottawa, the Bank of Canada and the business community struggle to gauge the unpredictable policy direction from what is by far the country’s top trading partner.
There are widespread concerns on this side of the border that U.S. policies under discussion — including possible changes in trade and taxes — could have major economic consequences for Canada.