Morneau still faces the challenge of corporate tax cuts in the US prompting companies to invest there instead of Canada.
Morneau all but ruled out specific measures that respond to the US direction on tax reform.
Money is part of $10.1 billion in planned spending over the next 11 years on trade and transportation corridor projects.
Accessing funding for innovation and R&D is a lot easier.
Senators have voted 46-32 to delete a so-called escalator tax on booze from the federal government’s budget.
Economists and budget experts are dismissing the president’s plans as fancifully unrealistic.
Result compared with a surplus of $7.5 billion during the April-to-February period a year earlier.
Budget 2017 has committed $125-million to a pan-Canadian AI strategy.
Funding for social infrastructure projects could increase by up to 33%.
Budget expected to detail plan to foster an innovation economy to recharge Canada’s long-term economic growth.
Modifications in the budget are expected to make the existing Build in Canada Innovation Program far more ambitious.
Ottawa has committed $73 million over four years to ensure education is aligned with the tech-related needs of the job market.
Shortfall blamed on a combination of lower revenue and higher program spending.
Finance minister Morneau blames “new norm” of slow economic growth.
Nonpartisan group says his agenda could potentially lead to a recession.