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TORONTO—When the International Monetary Fund economists came out the other day with a concluding statement following their visit to assess our economy, Finance Minister Bill Morneau wasted no time issuing a press release declaring that IMF “recognizes Canada’s success in delivering growth that works for everyone." What he failed to mention was that the IMF raised troubling questions about our future competitiveness, poor productivity performance, debt levels, and housing. It is these that need to be urgently addressed

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Global

Morneau continues to ignore ongoing current deficits in budget statements

By David Crane      

iIf we were growing our foreign debt to finance productive investments for the future, that would be fine. But we are growing our foreign debt to finance our current consumption.

When the IMF economists came out the other day with a concluding statement following their visit to assess our economy, Finance Minister Bill Morneau wasted no time issuing a press release declaring that IMF 'recognizes Canada’s success in delivering growth that works for everyone.' The Hill Times photographs by Andrew Meade
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