Morneau still committed to deficit reduction despite slower economy
LONDON, Ont. — Canada’s red-hot economy is indeed likely to slow down this year, making federal investments in boosting economic growth and job creation all the more important, Finance Minister Bill Morneau said Friday.
As the federal Liberal cabinet prepared for a second day of meetings at its retreat in London, Ont., Morneau stopped to sing the praises of his government’s economic agenda, which he credits for the economy’s super-charged performance over the last year.
“The economy has performed exceptionally well in 2017,” he said. “The kinds of things we’ve done to help Canadian families has a had a real difference on our economy.”
Among other things, unemployment fell to 5.7 per cent in December, the lowest figure since comparable data became available in January 1976.