Infrastructure Spending: Tuesday Afternoon and Laundry List

infrastructure spending: At its core, the document will be a two-pronged sales pitch, according to Hamilton Spectator. For institutional investors, it will help to promote Canada as a safe investment haven in an uncertain world for their firms, which together hold trillions of dollars of capital — money that could fuel the country economic engines. Those objectives have pushed the document, which Morneau will deliver Tuesday afternoon in the House of Commons, beyond its traditional role as a laundry list of refreshed predictions for growth and the federal bottom line. Taxpayers will hear Morneau try to ease their fears about a growing deficit, arguing that Liberal measures like infrastructure spending and richer child benefits have already begun to help at a time of deteriorating economic conditions. Morneau will deliver the document two weeks before Black Rock, the globe largest asset manager, assembles a group of some of the biggest international financiers in Toronto for a key conference. Tuesday statement comes with the economy stuck in a slow-growth ditch following months of disappointing data and downgraded forecasts, and the Trudeau government engaged in a long-term effort to pull it out, with the help of Morneau external council of economic experts. "Our fall fiscal update will give people a sense of where the economy is right now, it will give them a sense of what we see as the growth rate over time," Morneau said Friday in Toronto. "It will also give them a sense of the way that we're going to work to improve our situation." The government has made attracting more private investment to Canada a central part of its strategy to lift the economy — which makes the timing of this year update of particular importance. (www.immigrantscanada.com). As reported in the news.