B.C. businesses want feds to fight inflation in next week's budget

In anticipation of the federal budget release next week, B.C. businesses are revealing their top priorities.

“People are struggling to pay the bills because of inflation and when people are having to watch their pennies, it's only fair that the government should do the same. In October the Bank of Canada governor, Tiff Macklem, underscored that it's going to be easier to get inflation down if monetary policy and fiscal policy are rowing in the same direction,” he said, referencing a comment by Macklem that fiscal and monetary policies are “rowing in opposite directions.

GVBOT vice-president David van Hemmen said in an email the federal government needs to “reduce red tape and the regulatory burden that stifles business growth.” “It should have a structure, strategy, support from assistant deputy ministers, deliverables that make sense and it should be focusing on how we make our regulatory system thought of as an asset.”

For Anita Huberman, president and CEO of the Surrey Board of Trade , this goes hand in hand with creating a robust strategy for a manufacturing sector within Canada.“We as a nation need to have federal government support where we're creating our products here in Canada, where we're reducing the red tape, providing tax credits, whatever it may be, to ensure a much more robust manufacturing sector to increase our productivity in this nation.

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