The Trudeau government will release a fall economic update on November 21st alongside a plan to shore up Canadian competitiveness and prevent investment dollars from flowing south of the border.
Finance Minister Bill Morneau told the House of Commons yesterday that the economy is still on a roll and the unemployment rate is hovering near a four-decade low.
There are concerns, however, that Canada has lost some of the advantages it once boasted as an investment destination.
Following major tax and regulatory reforms in the U-S, Corporate Canada and a Senate committee have been pressing Morneau to slash business taxes to keep the country from falling behind.
However, sources with knowledge of Ottawa's competitiveness plan have said Morneau is looking at targeted measures rather than broad-based corporate tax cuts.