Trudeau Seeks Redemption From Business Leaders in Budget Update
- Canadian government under pressure to respond to U.S. tax cuts
- Finance minister favors targeted measures over broad reform
Canadian Prime Minister Justin Trudeau announces a national carbon tax at an Oct. 23, 2018 news conference in Toronto.
Photographer: Cole Burston/BloombergThis article is for subscribers only.
Prime Minister Justin Trudeau gets one of his last chances this week to mend frosty ties with Canada’s business community as next year’s election nears.
Trudeau’s finance chief, Bill Morneau, will unveil a fiscal update Wednesday in Ottawa that provides a shot at redemption after warnings about the country’s fading competitiveness. It will likely include incentives for capital investment but not an across-the-board reduction in corporate taxes.