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Morneau keeps his job, but it’s going to be an extraordinarily tough job

By David Crane      

In many respects, the past four years may seem easy compared to what could lie ahead. Bank of Canada governor David Dodge says that 'in my 50 years of active engagement in economic policy and public finance, I have studied, witnessed or participated in many periods of profound economic change—perhaps none is as daunting as this one.'

Finance Minister Bill Morneau, pictured on Nov. 7, 2019, arriving at a Liberal caucus meeting at the Sir John A. Macdonald Building in Ottawa. Mr. Morneau has to focus on three goals, the Dodge report says: raise the potential growth rate of the economy and put Canada on the winning side of global change; put in place plans for economic stabilization to respond to a potentially serious recession or financial disruption; and address the issues of distribution of costs and benefits of adjustment in a way that facilitates, not impedes, change, writes David Crane. The Hill Times photograph by Andrew Meade

TORONTO—Finance Minister Bill Morneau keeps his job in the new Trudeau government. But it will be an extraordinarily tough job and will test Morneau’s capacity to handle it effectively, given his mixed reviews of his first four years on the job.

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