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Canada 1987 outlook cloudy as tax reform looms
Canada faces a cooling economy in 1987 with weak business investment and a reliance on consumer spending. Growth slows as wages lag, savings fall to a 12 year low, and a coming tax reform promises higher personal taxes and a new consumption tax while interest rates edge down briefly. The mix hints at tougher times ahead for households and government finances.
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Ontario
Calgary
Statistics Canada
Feds
Mike Wilson
Wilson