Canadian businesses still missing clear line of sight to strong, sustained economic growth following throne speech – Canadian Chamber of Commerce

(OTTAWA) – November 23, 2021 – The Canadian Chamber of Commerce’s President and CEO, Perrin Beatty, issued the following statement on today’s Speech from the Throne.

“The business community was looking for a bold plan for strong, sustained economic growth from today’s Speech from the Throne, and although we applaud continued support for those industries hardest-hit by COVID-19, we are still missing key measures that will move us from recovery mode and into economic growth.

Supply chain disruptions and inflationary spikes remain top priorities for the business community, and although they were mentioned in the Throne Speech, specific actions are missing. It is critical for businesses to see how the government plans to address the difficulties that will accompany supply chain disruptions, along with a clear view on how we will balance the books.

Also missing from today’s throne speech was support for the digital economy, along with a serious plan to ensure our tax policy remains competitive.

The hard part starts now, and economic growth is the only path forward that will allow us to pay for our social goals and climate ambitions. To ensure we get there, we call on the government to present a Fall Economic Statement at the earliest opportunity.

We will continue to work tirelessly to point our government in the direction of sustained, unshakeable focus on getting the economic fundamentals right and boosting economic growth to secure a prosperous future for all Canadians and the businesses who employ them.

About the Canadian Chamber of Commerce – Because Business Matters

The Canadian Chamber of Commerce helps build the businesses that support our families, our communities and our country. We do this by influencing government policy, by providing essential business services and by connecting businesses to information they can use, to opportunities for growth and to a network of local chambers, businesses, decision-makers and peers from across the country, in every sector of the economy and at all levels of government, as well as internationally. We are unapologetic in our support for business and the vital role it plays in building and sustaining our great nation.

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For more information, please contact:
Emily Walsh
ewalsh@chamber.ca