The Brief: Canada Needs a Growth Strategy: Does Budget 2023 Get Us There?

AlbertaBETTER

Last week, the federal government released its latest budget during a time where Canada faces many economic challenges: high inflation, low business investment, low productivity, and an increasingly competitive environment thanks to the US Inflation Reduction Act. While Canada has high environmental and economic ambitions, we need to move at a speed and scale never before seen to meet them. Does Budget 2023 help get us there?

On this episode, we’re joined by Business Council of Canada Senior Vice President of Policy, Robert Asselin to discuss Canada’s economic challenges and to reflect on Budget 2023.

We discuss the importance of Canada’s newly announced tax investment credits for hydrogen, the green electricity program, the urgent need for a Canadian advanced research projects agency, and where we fell short in the latest federal budget. We also reflect on economic policies that could change the tide, and where Canada can focus its attention in the short- and long-term to help turn things around.

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About The Business Council of Alberta

The Business Council of Alberta was founded on a simple idea: to make life better for all Albertans. We believe that business has an important role in improving society, and that when business does well, we all do well. We work with the chief executives and leading entrepreneurs of Alberta’s largest enterprises to understand the big, long-term challenges that Albertans are facing and work with industry, government, and civil society to solve these problems and build shared prosperity for every person who calls Alberta home.

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