Ottawa’s economic advisers to meet Morneau to discuss Canada’s weak growth
OTTAWA — A team of federal advisers recruited to help resurrect Canada’s sagging economic growth has been exploring opportunities around trade, infrastructure, innovation and labour markets, says the group’s chair, Dominic Barton.
The council, created to provide advice to the Trudeau government, is scheduled to meet Finance Minister Bill Morneau in Toronto on Wednesday.
The meeting follows data showing that in May the country had its worst one-month performance in real gross domestic product in seven years — dating back to the darkest days of the Great Recession. Statistics Canada said the economy contracted 0.6 per cent that month, in large part due to the Alberta wildfires.
Barton, global managing director of the consulting firm McKinsey & Co., told The Canadian Press that the group is “driving along” four classic work streams.