MONTREAL, Feb. 8 /CNW Telbec/ - As part of the pre-budget consultation held by the Honourable James M. Flaherty, the Board of Trade of Metropolitan Montreal recommends to the Finance Minister to support the economic recovery, pave the way for a return to a balanced budget, and take measures to ensure solid economic growth in the long term.
"The Government of Canada must demonstrate rigour and foresight. It must balance its finances in a context of tenuous growth and an aging population," said Board of Trade President and CEO Michel Leblanc. "The government must therefore maintain strategic investments in order to support growth while at the same time focusing on boosting our economic competitiveness, an essential condition for healthy public finances and optimal growth in the long run," added Leblanc.
The Board of Trade's recommendations revolve around three broad orientations:
1. Maintain strategic public infrastructure investments in the near term
The Board of Trade recommends the federal government undertake the
following initiatives without delay: launch the next phase in the
development of the Old Port of Montréal; build a rail link between
Montréal-Trudeau Airport and downtown; define a plan for the eventual
replacement of Champlain Bridge; and provide financial backing for
projects aimed at developing sectors of excellence around the research
centres associated with the future superhospitals.
2. Pave the way for a gradual return to a balanced budget and streamline
The Board of Trade recommends eliminating the deficit without
increasing the tax burden; ending the temporary stimulus measures once
the recovery is on solid footing; and reviewing and slashing public
spending by determining which expenditures are necessary and which
should be reduced without, however, cutting transfer payments to the
3. Give priority to measures that contribute to the productivity and
competitiveness of the Canadian economy with a view to ensuring its
To this end, the Board of Trade recommends supporting investments in
human capital; maintaining measures that encourage research and
innovation; and continuing to support Canadian businesses on
Hyperlink to the recommendations: http://www.btmm.qc.ca/federal_recommendations
The Board of Trade of Metropolitan Montreal has some 7,000 members. Its primary mission is to represent the interests of the business community of Greater Montréal and to provide individuals, merchants, and businesses of all sizes with a variety of specialized services to help them achieve their full potential in terms of innovation, productivity and competitiveness. The Board of Trade is Quebec's leading private economic development organization.
SOURCE Board of Trade of Metropolitan Montreal
For further information: For further information: Sylvie Paquette, Coordinator, Media Relations, Board of Trade of Metropolitan Montréal, (514) 871-4000, extension 4015, email@example.com