Premier Scott Moe saw a bit of good news amid other concerns in the federal government’s fiscal update.
“We’re pleased to see at least an attempt to address some of the headwinds that manufacturing and processing businesses across the nation have been facing,” said Moe.
Wednesday’s federal update from Finance Minister Bill Morneau mentioned $14 billion worth of tax incentives over five years for manufacturers and processors.
It’s meant to increase investment in Canada and improve business competitiveness with the U.S. after President Donald Trump slashed the corporate tax rate in 2017.
Moe also pointed out two of his concerns in the fiscal update, one being the federal deficit which he doesn’t see an end to.
The finance minister’s update does not set a date for a balanced budget after the Liberals promised a return to the balanced budget by 2019-20. That year’s deficit is expected to reach $19.6 billion.
There are also long-term concerns that Moe continues to fight.
“We still face the regulatory headwinds in this province that we’ve been talking for months now,” said Moe.
He once again mentioned the carbon tax being imposed on Saskatchewan and Bill C-69, which would overhaul the way Ottawa reviews major energy projects like pipelines.