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ARTICLE · 06 MAY 2007

Impact Of 2007 Federal Budget On Trade Issues

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Through long-term proposals in the areas of infrastructure, entrepreneurship and strengthening Canada's skilled and flexible workforce, the federal 2007 Budget indicates that the Government recognises the significance of international trade and investment to Canada's growth and prosperity.

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Article by Prakash Narayanan and Lindsay Bunt, © 2007, Blake, Cassels & Graydon LLP

Originally published in Blakes Bulletin On International Trade, April 2007

Through long-term proposals in the areas of infrastructure, entrepreneurship and strengthening Canada's skilled and flexible workforce, the federal 2007 Budget indicates that the Government recognises the significance of international trade and investment to Canada's growth and prosperity. It remains to be seen whether this momentum will be sustained in the coming years.

Introduction

On March 19, 2007, Canada’s Minister of Finance introduced a new federal budget (2007 Budget) in Parliament. The 2007 Budget seeks to implement major elements of Canada’s long-term economic plan, Advantage Canada, which aims at creating advantages in five separate areas to improve the quality of life of all Canadians and to strengthen Canada’s economy. The proposals in the 2007 Budget that impact trade are discussed in the Budget document under

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