LIBERALS EXPECTED TO RELEASE ECONOMIC UPDATE NOV. 21

The Trudeau government will release a fall economic update on Nov. 21 alongside a plan to shore up Canadian competitiveness and prevent investment dollars from flowing south of the border. Finance Minister Bill Morneau, who made the announcement Thursday, told the House of Commons the economy is still on a roll and the unemployment rate is hovering near a fourdecade low. There are concerns, however, that Canada has lost some of its advantages as an investment destination. Corporate Canada and, more recently, a Senate committee have been pressing Morneau to slash business taxes to keep the country from falling behind after major tax reforms in the U.S. But sources with knowledge of Ottawa’s plan have said Morneau is looking at targeted measures rather than broad-based corporate tax cuts.