Kenora MP Bob Nault says Ottawa is speeding up their plans to get products to export markets. This would include twinning the Trans-Canada along with all-weather roads to remote First Nations.

"All this to say, we want to make sure people get as competitive as possible, as quickly as possible, because we are  in competition with the rest of the world," he said.naultbobKenora MP Bob Nault says there's help in the fall financial update for local businesses competing in global markets.

For the riding, the MP says Ottawa is helping to get resources and export products to markets, including softwood lumber or minerals. Nault adds Canada now has free trade agreements with two-thirds of the global markets, as the country looks to diversify the economy from a dependence on the Americans. The new markets also allow room for growth, perhaps by more than 50 per cent by 2025.  

Still, the member for Kenora notes there's a social responsibility, and the federal government is expanding the Nutrition North program to reach more isolated First Nations. The creation of all-weather roads will also help improve access to food at a lower cost, Nault noted.

In addition, Ottawa is offering help to businesses adapting to global markets and the green economy by offering tax write-offs for businesses purchasing new equipment.

"This is our way of promoting and -- or -- putting in place the tools that will make us that much more successful," Nault added.

However, Opposition critics say the government is increasing the size of the deficit, without having a plan for balancing the books.

In the 2019-20 fiscal year, the federal deficit is projected to increase by nearly $2 billion to more than $19 billion. According to the Canadian Taxpayers Federation, the total debt is at more than $660 billion, or just under $18,000 per person. 

According to Ottawa, the majority of this new spending -- just over $16 billion of it -- is being spent in an attempt to mitigate the impacts of the U.S. corporate tax cuts.

For more information:

Finance Canada - Fall economic statement

Rickford talks revenue sharing, red tape

 

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