Skip to content
Subscriber Only

Canada to Respond to U.S. Tax Reform Challenge in Fiscal Update

Commuters On Bay Street As Canadian Stocks Mixed
Photographer: Brent Lewin/Bloomberg

Canada’s Liberal government will seek to address competitiveness challenges faced by the nation’s businesses in a budget update later this year amid pressure to respond to U.S. tax reform.

Finance Minister Bill Morneau, in an interview with Bloomberg News in Buenos Aires on Saturday, said the key themes emerging for his fiscal update -- a document the finance department typically releases in October or November -- will include business taxation, oil pipelines and the renegotiation of the North American Free Trade Agreement.