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November 3 2022

Fall Economic Statement focuses on jobs, clean technology; signals fiscal responsibility

Calgary, November 3, 2022 – The Calgary Chamber of Commerce is encouraged by the federal government’s focus on innovation, sustainable jobs, and competitiveness outlined in the 2022 Fall Economic Statement. The fiscal update outlines a clear path towards balance and fiscal sustainability and provides a realistic and cautious outlook on the future of the economy. However, businesses across the country continue to struggle, challenged largely by rising costs, inflation, and labour shortages – all requiring an increased focus heading into next year.

“We are encouraged by the government’s commitment to competitiveness, focus on clean energy, and movement towards aligning with the Inflation Reduction Act. These steps will be critical to ensure investments continue to be made in Canada,” said Deborah Yedlin, President and CEO of the Calgary Chamber of Commerce. “However, small businesses continue to bear the weight of inflation and labour shortages, and we’re hoping to see an increased focus on small businesses in Budget 2023 to ensure economic stability and productivity across all sectors so businesses can weather economic uncertainty."

The Calgary Chamber is particularly encouraged by the following investments and initiatives outlined in the Fall Economic Statement, including commitments to:

As the government looks to develop Budget 2023, the Calgary Chamber urges engagement with the business community, alongside increased focus on:


The Calgary Chamber exists to help businesses thrive. As the convenor and catalyst for a vibrant, inclusive, and prosperous business community, the Chamber works to build strength and resilience among its members and position Calgary as a magnet for talent, diversification, and opportunity. As an independent, non-profit, non-partisan organization, we build on our 131-year history to serve and advocate for businesses of all sizes, in all sectors, and across the city.

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