CTA applauds Canada stimulus plan

Canada’s minority Conservative government’s action plan for stimulating the economy was met with approval by the Canadian Trucking Alliance (CTA). The proposal includes $12 billion over the next two years for new or accelerated infrastructure funding, tax relief for small businesses and increased credit availability. However, CTA noted that the budget did not include any references to the government’s election promise to cut the excise tax on diesel fuel by 50%, and did not mention rebates or tax measures designed to stimulate investment in new trucking equipment. “The trucking industry welcomes the increased investment in highways, ...

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From the Print Issue

November 2009

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