Carney: Business tax reform necessary to boost productivity

The signal matters more than the substance: a sitting prime minister framing business tax reform as a productivity necessity puts the file on the policy agenda, but the absence of measures or a timeline leaves the actual scope undefined. For Canadian businesses and the investment community, the operative question is whether this becomes a broad competitiveness overhaul or a narrower adjustment. Whether concrete proposals follow, and on what schedule, is the open question.