After a year of challenges and controversy, Finance Minister Bill Morneau is gearing up to deliver his third budget.

Morneau has come under fire in the last year over his handling of small business tax changes, and running deficits amid major economic uncertainties like NAFTA – issues Bay Street hopes the finance minister will address when he delivers the budget on Tuesday.

As the day approaches, business leaders and money managers have shared their budget wish lists with BNN. Here’s some of what they’ve had to say: 

RBC CFO shrugs off cryptocurrencies, says bank has to be ready for brokerage outages

Rod Bolger, chief financial officer at RBC joins BNN's Andrew Bell for a look at his latest views on the housing market, what propelled strong broadline growth at the bank in the first quarter of 2018, his budget wishlist, his take on the surge in crypto-currency activity and how Canada's largest bank is preparing to ensure no further brokerage outages.

“We want to see Canada continue to be competitive in the global marketplace. So we’re looking for fiscal policy that will enable that, whether that be balanced budgets or tax policy that remains competitive on a global stage. We also want to see training and money for youth — for education — so that the Canadian youth today can be adding to the economy and the future, and be trained for the jobs of the future.”

-Rod Bolger, chief financial officer, RBC

 

Money manager wants more clarity on tax reform in federal budget

Barry Schwartz, chief investment officer and portfolio manager at Baskin Wealth Management, tells BNN that Canada needs to be more tax competitive and that he hopes to see more language around that in the upcoming federal budget.

“I think it’s ludicrous what’s going on with Bill Morneau. We have no idea what’s going to happen with small businesses and holding corporations. … I think we need to be more tax competitive and so I’d like to see more language about that. ”

-Barry Schwartz, chief investment officer and portfolio manager, Baskin Wealth Management

 

Cineplex meets expectations despite audience decline

Ellis Jacob, CEO of Cineplex, gives BNN an update on the company's transition efforts and what's next for the movie-theatre chain.

"I always like to see where there are improvements from the perspective of the consumer – and basically allowing them to have more disposable income, so we can continue to grow [our] business.”

-Ellis Jacob, CEO, Cineplex 

 

Precision Drilling's CEO on latest earnings

You may remember that Precision Drilling Corporation was among the top five worst performers in 2017. We hear from Kevin Neveu, President & CEO with Precision Drilling Corporation to see what is different for 2018.

"I would absolutely like to see more leadership on Canadian energy exports. And whether it's pushing through a lot of the local opposition of British Columbia, to pipeline expansion, or considering supporting pipelines going both east and south. I just think that Canada has really missed an opportunity here on exporting our hydrocarbons."

-Kevin Neveu, president and CEO, Precision Drilling

 

One entrepreneur's recommendations for the upcoming federal budget

Michele Romanow, tech entrepreneur and co-founder of fintech company Clearbanc joins BNN to talk about what she would like to see from the upcoming Federal Budget and weigh-in on Ottawa's innovation 'superclusters'.

“Anything we can do around childcare and around making it a little bit easier with flexible work environments, with you know, dads – or the other partner –  able to spend more time off is generally all very good. And I think we are going to see a bunch of that stuff come up.”

-Michele Romanow, co-founder, Clearbanc

 

IIAC CEO: Morneau needs to commit to comprehensive tax reform

Ian Russell, president and CEO of the Investment Industry Association of Canada joins BNN's Andrew Bell for a look at what's on his 2018 federal budget wishlist.

 “I think what investors want to see is that finances are tied to a very specific plan over a reasonable period of time. I think the minister hit the right tone when talked about concern about indebtedness. I think we’re all concerned about public debt, and the growth of public debt, particularly in an environment of great uncertainty and increasing uncertainty about Canada’s growth. That, to me, would be the number-one priority.”

-Ian Russell, president and CEO, Investment Industry Association of Canada

 

Canadian resource companies are 100% at a disadvantage: Auspice Capital

Tim Pickering, Auspice Capital CIO and manager of the Canadian Crude Oil ETF, joins BNN to discuss some of the challenges Western Canada is facing.

“I’d love to be optimistic … but to be honest with you, I’m not expecting a whole heck of a lot. …We’ve made a decision as a society to extract resources in Canada – that’s very important to our whole country, yet we haven’t gone as far as building the infrastructure to optimize the price on a global scale of selling those resources. ... And I’d love to hear plans and things in the budget in terms of how we’re going to go about solving that problem and optimizing our resource prices.”

-Tim Pickering, CIO, Auspice Capital

 

Agnico Eagle raises production forecast

Gold miner Agnico Eagle has reported Q4 results that capped off a year that CEO Sean Boyd says set a new annual production record, and also increased gold reserves. Because of progress made at the company's Nunavut project, Boyd says they are raising their production forecasts for 2018 and 2019.

“I think what the federal government’s missing, is how big of an opportunity Nunavut and the Canadian North is in terms of investing in infrastructure, to make it easier to develop the richness of resources there. And we see it every day. We’ve said this before: the federal government campaigned on the north, Indigenous People, and infrastructure. We haven’t really seen a lot [of action].” 

-Sean Boyd, CEO, Agnico Eagle