OTTAWA—Canadian Finance Minister Bill Morneau’s third budget didn’t respond to the aggressive tax cuts south of the border that reduce Canada’s competitiveness, but he says it’s all about staying competitive over the long haul; the downside of further tax cuts is higher federal deficits.
“It’s interesting to me that the same people that are asking to lower our taxes are the people that are telling me to stay fiscally responsible,” Morneau told reporters prior the release of the budget.
