In his fall budget update, Finance Minister Bill Morneau more than used up the revenue windfall from stronger GDP growth and higher oil prices this year to increase incentives for business investment. Unfortunately, the recent slump in oil prices means that Morneau will either have to tighten the purse strings or revise up the deficit projections in the 2019 budget.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services