Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Oliver Highlights Retail in Naming Advisory Council

July 16 (Bloomberg) -- Canadian Finance Minister Joe Oliver’s economic advisory council, unveiled today, increases the presence of retail executives amid the government’s increasing focus on consumer themes.

Oliver named Bonnie Brooks, vice-chairwoman at Hudson’s Bay Co. and Dani Reiss, chief executive of Canada Goose Inc., to the council, according to a statement from the Finance Department in Ottawa. Monique Leroux, chief executive of Desjardins Group, and Rebecca MacDonald, chairwoman of natural gas marketing company Just Energy Group were among the eight additions to the council.

Prime Minister Stephen Harper has turned more of his government’s attention to consumer issues such as cell-phone charges and banking fees ahead of the 2015 election. The February budget included plans to eliminate higher prices for products in Canada relative to the U.S. if the difference isn’t justified by costs.

The council will also advise Oliver on how to use more than C$40 billion in projected surpluses. The late former Finance Minister Jim Flaherty’s Feb. 11 budget predicted a deficit of C$2.9 billion for the fiscal year that started April 1, the seventh straight shortfall, before a surplus next year.

“I look forward to working with the council members and hearing their ideas as we move toward a new era of fiscal sustainability and prosperity for our country,” Oliver said in today’s statement.

Flaherty established the council in 2008 during the previous recession. Oliver’s 16-member group is three larger than Flaherty’s most recent council and retains Paul Desmarais Jr., co-chief executive of Power Corp. of Canada, Teck Resources Ltd. CEO Don Lindsay and Nancy Southern, chief executive of Calgary-based Atco Ltd.

To contact the reporter on this story: Theophilos Argitis in Ottawa at targitis@bloomberg.net

To contact the editors responsible for this story: Paul Badertscher at pbadertscher@bloomberg.net Chris Fournier

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.