The Investment industry Association of Canada (IIAC)’s pre-budget submission is now available online.
In its submission, the IIAC commended the federal government for its efforts to balance the books, improve the business tax landscape and make it more attractive for Canadians to save in TFSAs and RRIFs.
At the same time, the IIAC noted that weak global economic conditions and depressed energy prices have placed a stranglehold on economic growth. The pullback in investment in the energy sector will reverberate across Canada. Also of concern is the fact that non-energy exports remain depressed, even after the Canadian dollar’s … Continue reading