The Canadian flag flies over the Peace Tower on Parliament Hill in Ottawa on Feb. 14, 2025. The Canadian Press/Adrian Wyld
The Business Council of Canada (BCC) has warned in an open letter to the federal government that the next budget must tackle the issues of declining investment and growing deficits.
The BCC said in its Oct. 1 letter that the country needs more public and private investment to increase productivity and boost growth, as it is currently “in the midst of an investment crisis.” The letter, written by President and CEO Goldy Hyder, also raises concerns with Canada’s current fiscal situation, as the upcoming budget is expected to present a large deficit.
