BMO Chief Economist Doug Porter bringing his financial wisdom to a business lunch hosted by The Chamber.
He tells us the financial hurdles facing New Brunswick and Ontario are not disimilar.
He says both provinces have government debt around 40 per cent of GDP which is high and an annual budget deficit of more than 1 per cent of GDP.
Porter says restraint is required with the new Liberal government adding in an ideal world he would like to see more emphasis on bringing the decificit down.
He adds the lower Canadian dollar is big plus for the tourism sector and for manufacturers who have a real chance with the dollar trading around .97 cents US.
