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Finance Minister Bill Morneau says tax changes to take $1.2 billion more out of coffers


OTTAWA — The Liberal government is poised to make good on its promise to cut federal income taxes for middle earners by raising the rate on the richest Canadians — cuts that the government admits won’t be revenue-neutral. Finance Minister Bill Morneau is conceding for the first time that the …

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Finance Minister Bill Morneau says fiscal responsibility, new advisory council will help kickstart economy


TORONTO – Canada’s new finance minister Bill Morneau gave his first public speech Monday, outlining how his government plans to kickstart a sluggish Canadian economy. Speaking to business professionals at a Toronto Region Board of Trade luncheon, Morneau focused on what has become a new Liberal talking point: moving away …

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Canada’s Finance Minister admits economy in worse shape than Ottawa thought


HALIFAX — The federal finance minister says the Canadian economy is suffering from slower growth than originally projected by the former Conservative government. Bill Morneau told several hundred people attending a Halifax Chamber of Commerce luncheon that his department’s projections on growth since the 2015 budget have fallen due to …

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Natural resources minister says slumping oil prices won’t deter pipeline plans


SAINT ANDREWS, N.B. — The sinking price of oil hasn’t deterred the Liberal government from the ever-elusive goal of figuring out how to get Canadian energy to tidewater, Natural Resources Minister Jim Carr said. Deficit concerns heighten as economy teeters on the edge of another downfall It could be time …

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Finance Minister Bill Morneau to present federal budget week of March 21: sources


OTTAWA — Canada’s new Liberal government is set to unveil its first budget in the week of March 21, two sources with knowledge of the process said on Tuesday. The budget, which the Liberals have pledged will include major new spending aimed at boosting a flagging economy, is most likely …

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Finance Minister Bill Morneau defends bigger deficits, sticking to Liberals’ stimulus script


OTTAWA — As debut performances go, Finance Minister Bill Morneau managed to stick close to the Liberal script on the need for deficit-fuelled stimulus spending, and avoided any major policy pratfalls, in his first appearance before Canadian lawmakers. Bill Morneau names Dominic Barton, head of McKinsey & Co., to government’s …

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