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August 3 2023

Open letter: Calgary Chamber 2024 federal pre-budget submission

August 3, 2023

MP Peter Fonseca

Chair, Standing Committee on Finance

MP Fonseca,

Thank you for the opportunity to provide a written submission to the Standing Committee on Finance in advance of the 2024 federal budget. 

The Calgary Chamber is encouraged by the government’s continued emphasis on investments in clean technology, supply chain infrastructure, internal trade support and commitment to reducing regulatory timelines. In Budget 2024, we hope to see these priorities front and centre, recognizing a strong and inclusive business community means a higher quality of life for all Canadians.

Ensuring the right balance between strategic investments, business supports and long-term fiscal planning remains critical to Canadas’ financial future. Alberta businesses continue to face challenges, with the Q2 2023 Canadian Survey on Business Conditions indicating their main concerns remain rising costs (58.5%), labour shortages (36.4%), attracting customers (22.5%) and supply chain constraints (18.9%). For many, their ability to handle these pressures is waning. Approximately 36.5% of Alberta businesses are unable to take on more debt, with many bracing for lower profits and 7.4% expecting to close their business altogether. Considering these challenges, Budget 2024 must balance savings and fiscal prudence with strategic policy and compelling financial incentives that support businesses near and long-term success.

In consultation with Calgary’s business community, the enclosed pre-budget submission proposes recommendations that will strengthen Canada’s economic position by providing relief for businesses facing the pressures of rising costs and inflation, promoting economic competitiveness and diversification across the country through investment attraction, and supporting those struggling with skills gaps and labour shortages.

Thank you in advance for your consideration. We look forward to working with you and your committee colleagues to accelerate a sustainable and prosperous future for all Canadians.  


Deborah Yedlin

President & CEO
Calgary Chamber of Commerce

Calgary Chamber of Commerce – Submission to the Federal Standing Committee on Finance Calgary Chamber 2024 pre-budget submission

While several key investments were advanced in Budget 2023, the Calgary Chamber continues to advocate for important initiatives to support the business community, including:


Talent and Labour

Technology and Innovation


Strategic Infrastructure and Supply Chains

Economic Reconciliation


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 132-year history to serve and advocate for businesses of all sizes, in all sectors and across the city.