Home > News and politics > Canadian Federal Budget 2014: Legacy of a Finance Minister?

Canadian Federal Budget 2014: Legacy of a Finance Minister?

11-Feb-14 10:21 am EDT Leave a comment Go to comments
T

hey’re saying this could be the final budget delivered by Canada’s Finance Minister, Jim Flaherty.  And CBC News is reporting that we should be looking for 6 key items to appear in this years’ budget.

But I’m reflecting on the budgets of years gone by under the Conservative government and where it’s left Canada in the past decade.   My comment on the story makes it clear what Flaherty’s real legacy will be:

mcshane
James in Kanata @mcshane: Bottom line, the average Canadian’s wealth has increased by 25% wince NAFTA.
~~~~~~
Bull and I will speak for the American people as well…Employers that did relocate to Mexico from the U.S. and Canada have now begun moving to even lower-wage areas such as China and Vietnam. NAFTA was supposed to “grow the economy,” all it did was increasingly benefit a smaller and smaller segment of society.

Ross Holder
@mcshane Well that doesn’t mean it didn’t grow the economy. 😉 It just means that the economy grew and served to simply widen the gap between rich and poor (i.e. profit went into the pockets of the top 5% of income earners instead of seeing every Canadian benefit). And maybe that was inevitable too; but I’d like this budget to spend more attention on managing that widening gap I mentioned between rich and poor — because this country is plenty rich enough for everyone to feel the benefit of our good fortune a lot more!

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Terry Glavin

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