The letter suggests action on three objectives. The first suggestion is to address immediate liquidity problems by ensuring that credit continues to be available to consumers and businesses within Canada. The second objective, according to the Coalition, should be "to counter recessionary pressures by making investments that will strengthen Canada's competitiveness and help offset the imminent economic slowdown. Public investments should be targeted to improve critical transportation, border, communications and energy infrastructure. Government support for innovation should focus on projects that Canadian businesses can commercialize," it adds. And finally, the third goal, the Coalition writes, "should be to implement policy measures that will improve the long-term strength and competitiveness of the Canadian economy."
To read the letter in its entirety, visit www.cme-mec.ca.