Politicians gush, business cautious after federal budget
Last Updated: Wednesday, January 28, 2009 | 10:07 AM ET
CBC News
IN DEPTH: Federal budget 2009
- YOUR VIEW: What in this budget most affects you?
- CITIZEN BYTE: Daycare? A single parent reacts to the budget
- YOUR VOTE: How does this budget help you?
- CITIZEN BYTE: A young man shares story of economic success in his town
- MAP: Reaction to the 2009 Budget
- VIDEO: Margo McDiarmid reports: Ignatieff puts Tories 'on probation' with budget demand
- VIDEO: The National's economic panel shares its thoughts on the budget (Jan. 27)
- VIDEO: Marivel Taruc reports: Mixed feelings on the budget from the business community
Documents
- Full federal budget
- Complete budget documents at Ministry of Finance website
- Economic action plan
- Overview of economic stimulus
- Home renovation tax credit
- Eligibility and time frame
- Taxes
- Personal income tax, homeowners taxes
Analysis
- Bad-times budget delivers billions in tax cuts, spending
- How the spending breaks down
- Where the money is coming from
- Where the money is going
- VIDEO: Peter Mansbridge interviews Jim Flaherty after the budget speech
- INFRASTRUCTURE MAP: What the provinces were looking for, and what the federal budget delivered
- INTERACTIVE: Budget by the numbers
- Few surprises as government turns on the spending taps
- Flaherty vows tax cuts, incentives for homeowners
- VIDEO: What's in the budget for homeowners
- Conservatives make plans for national securities regulator
- $12B for infrastructure forms key pillar of stimulus package
- VIDEO: Details of the infrastructure spending package
- Forestry association welcomes budget; union angered
- Unemployed workers get boost in budget
- VIDEO: Budget provisions for unemployment
- All maxed out? Budget measures would improve credit access
- Environment gets lift in budget pledges
- Funding for arts and sciences still on the bill
- Budget allocates $438M to cultural spending
- Houses, Arctic research facility among budget goodies for North
- Early reviews mixed from Ignatieff; more expected Wednesday
- Budget sparks mixed reaction from mayors
- Federal budget calls for partnership from provinces: B.C. premier
- Alberta cities, province optimistic about federal budget, but need more details
- Calgary mayor encouraged by stimulus budget
- Saskatchewan seeks more details about federal budget
- Quebec argues Ottawa shorted province $1B in federal budget
- Defeat PM over 'vindictive, nasty' budget, N.L. premier tells Liberals
- Matching infrastructure funds a struggle for P.E.I.: Treasurer
- COLUMN: Keith Boag - Will a little red ink buy Harper the time he needs?
- VIDEO: Neil Macdonald on the track record of government stimulus spending (Jan. 26)
- PROFILES: The finance minister's advisory council
- MYTH/FACT: PM Harper's 2008 economic comments
- ARCHIVES: Looking back at notable budgets of the past
- IN DEPTH: The Bottom Line - things you need to know to weather the turbulent economy
Features
- The demise of the secret budget
- Debate heats up about Ottawa's stimulus strategy
- Evaluating Ottawa's tax-strategy options
- Deficit spending - the return of red ink
Sector by sector
- Bailout ready to go, but auto sector takes its cues from Detroit
- Waiting for a 'jobs' budget
- Health care: How to blow a bundle and be better for it
- Military spending: Funding the Forces
- Ailing forestry industry asks for help in federal budget, not a bailout
- Is Canada the answer to U.S. energy worries?
- AUDIO: Alison Myers reports: The oil industry's wish list for the budget (Runs 1:36)
- Carbon capture: How easy is it to nab greenhouse gases at the smokestack?
- YOUR MONEY: How the economy is affecting you
Manitoba politicians are salivating at the prospect of new spending on roads, sewers, museums and stadiums but at least one business owner believes Ottawa's spending splurge will do nothing to boost consumer confidence.
Manitoba Finance Minister Greg Selinger said that at first blush there was something for everyone in the Harper government's budget.
"We think that waste water and sewers in Winnipeg and in Brandon are important," he said. "We think that highways are important. We think that social housing is very important. We think specific signature projects such as the Canadian Museum for Human Rights should move forward. We can look at the football stadium as another signature project, so we have a number of things on the table that we can move on very quickly."
Manitoba's NDP government has already identified certain priority projects that it plans to cost-share with the federal government, he said.
"There's no question that this budget has put resources on the table that will help stimulate the economy across the country."
No confidence
But small business owner Joe Gupta said he's disappointed since to him it appears the 2009 federal budget will drive the national government deep into debt and will not boost public confidence in the economy.
And he said measures for small business won't make much difference to his Winnipeg-based company, India Spice House, because consumers just aren't spending. Tuesday's federal budget is not going to reverse public worry about the economy or create an environment where consumers will suddenly start spending again, he predicted.
"There's a lot of unemployment," said Gupta. "People are not secure with their jobs and all that. They have a scary feeling and they will buy only what is required."
'Heart of the Continent'
Winnipeg Mayor Sam Katz said he's pleased to see Ottawa will fast-track development of an inland port in the city.
The CentrePort idea is to build on Winnipeg's reputation as an air cargo, rail and trucking transportation hub in the geographic centre of North America. About 20,000 acres of land around Winnipeg's James Richardson International airport would be dedicated to building transport and storage terminals.
Katz says it capitalizes on the city's location at "the heart of the continent."
"There's a lot more discussion to go on," said Katz. "But there's certainly a fantastic opportunity for us."
Katz echoed Selinger's comments — hoping the budget provisions will open the door to construction of a new football stadium for the CFL's Winnipeg Blue Bombers at the University of Manitoba.
The mayor said the city has placed a priority on repairing back lanes, bike paths and roads. But he said Winnipeg has yet to determine how projects will be cost-shared between governments before deciding how to proceed.
Treasury Board President Vic Toews, the federal minister responsible for Manitoba, said upgrading a dangerous stretch of the Trans-Canada Highway through Headingley, just west of Winnipeg, was specifically mentioned in the budget.
And he said the federal share of funding for a new football stadium will be easier to find. "[The stadium is] not specifically mentioned but it certainly makes it much easier for me to come up with $15 million of taxpayers' money," Toews said.
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