As part of federal consultations for the 2022-2023 budget, the Chamber is making recommendations to the Government of Canada.
Canada, and Quebec in particular, is experiencing a robust recovery. Statistics Canada anticipates Canadian growth of 4.9% for 2021. For Quebec, the Institut de la statistique du Québec reports that for the first ten months of 2021, GDP was 6.9% higher than the same period of 2020. This resilience allows us to have a positive outlook for 2022.
Despite this positive scenario, there is a risk that interest rate hikes forecast for 2022 will slow entrepreneurial and consumer momentum. The challenge will be to maintain solid economic performance without unduly fuelling inflationary pressures.
Against this backdrop, the Chamber has identified five priorities that should guide the preparation of the next federal budget:
- Solve the labour shortage problem
- Accelerate the digital and green transformation of businesses
- Create an environment favourable to increasing interprovincial and international trade
- Support the city’s robust sectors and invest in modernizing strategic infrastructures
- Impose budgetary discipline that limits the impact of the next budget on inflationary pressures
Consult the brief