The Trudeau government will release its fall economic update on Nov. 21 as part of a plan that Ottawa insists will help keep Canada competitive.

Finance Minister Bill Morneau, who made the announcement on Thursday, told the House of Commons that the economy is still on a roll and the unemployment rate is hovering near four-decade lows.

There are concerns, however, that Canada has lost some of the advantages it once boasted as an investment destination.

Corporate Canada and, more recently, a Senate committee have been pressing Morneau to slash business taxes to keep the country from falling behind after major tax and regulatory reforms in the United States.

In the U.S., the government has been forced to borrow more cash B次元官网网址� and run deeper deficits B次元官网网址� in order to cover President Donald TrumpB次元官网网址檚 tax cuts.

Sources with knowledge of OttawaB次元官网网址檚 competitiveness plan have said Morneau is looking at targeted measures rather than broad-based corporate tax cuts.

The fall update will also contain fresh projections on economic indicators and on the path of the federal books, which posted a $19-billion deficit last year.

In this yearB次元官网网址檚 federal budget, Morneau projected a shortfall of $18.1 billion for 2018-19, with annual deficits set to shrink each year to $12.3 billion in 2022-23. The projections include annual $3-billion cushions to offset risks.

B次元官网网址淚B次元官网网址檓 pleased to say that on Nov. 21 weB次元官网网址檒l introduce our fall economic statement so we can update Canadians on further actions weB次元官网网址檒l take to keep our economy growing, to keep people investing in our country and creating jobs,B次元官网网址� Morneau said Thursday.

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