Finance minister defends Liberal budget measures as sales effort gets underway

TORONTO — Federal Finance Minister Bill Morneau kicked off his post-budget sales effort Wednesday, defending his Liberal government’s strategy of investing in consumer confidence and deflecting suggestions that it could lead to higher home prices in overheated urban markets.

“When we think about the overall home-buyer market, we have roughly half a million home purchases a year, but 100,000 of them are first-time home buyers,” Morneau told a news conference after an early-morning speech to the Empire Club in Toronto. “All these measures to increase supply, which is fundamentally what we need in markets like Toronto and Vancouver, and then very targeted issues around how we can help first-time home buyers,” he said.Even as Morneau spoke, Conservative Leader Andrew Scheer was addressing caucus members in Ottawa, portraying Justin Trudeau’s Liberals as a big-spending government with nothing but disdain for the idea of balanced budgets.

“Canadians who don’t have family fortunes like him know … that you can’t borrow your way out of debt and you can’t make other people pay for your mistakes.” “That approach has clearly worked — we have a much better situation for Canadians with better job numbers and fewer people struggling to get by than we had three and a half years ago; we’re going to keep investing in that way.”

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

LIVE: Finance Minister Bill Morneau budget photo-oWATCH LIVE: Finance Minister Bill Morneau holds a budget event with children: Teach them how to answer a question when asked and then teach JustinTrudeau Was he there to explain how one day their allowances will be considered income and will be taxable by any chance ( sarcasm intended )
Source: CTVNews - 🏆 1. / 99 Read more »

Finance Minister Morneau begins promoting federal budget with Toronto speechWho's going to pay for all the new spending Bill_Morneau Out buying votes, the games begin! Now of this will happen....... just looking to buy votes!!!
Source: CTVNews - 🏆 1. / 99 Read more »

Federal budget 2019: Full text and Finance Minister Bill Morneau’s speech to parliamentRead the full text of the federal budget and Finance Minister Bill Morneau’s speech to parliament Budget2019
Source: nationalpost - 🏆 10. / 80 Read more »

Liberal budget to ignore business calls for tax code overhaulCanada’s largest business groups have called on Morneau to launch a royal commission or some other form of independent study of the Canadian tax system, to ensure that the mix of taxes and tax rates are competitive internationally and are helping to attract investment globepolitics because they stupidly assume they can still buy the votes of the 'middle class'...Sorry, it won't work this time ... most normal folks value the fairness and integrity of our justice system. globepolitics Canada is a participation prize country. We’re followers not leaders. globepolitics The Liberal, How to Make Friends and Influence People. cdnpoli
Source: globeandmail - 🏆 5. / 92 Read more »