Hastings-Lennox and Addington MP Mike Bossio says the fall economic statement should make Canadians feel confident about their futures.
 
Bossio made his comments after Finance Minister Bill Morneau presented his Fall Fiscal Update on Wednesday afternoon, and it includes $16-billion in tax incentives to businesses that invest in the country.
 
He said the government is focusing on growing the economy, creating jobs and improving the lives of Canadians, and people have more money to spend and are paying lower taxes.
 
He also said the additional cash will get spent, and that supports local businesses.
 
The fiscal statement also proposes additional support for the country's struggling journalism industry.
 
Deficits won't start to decline until 2021-22, and Ottawa expects to be $18-billion in the hole this fiscal year.

Ottawa is putting another $800-million over five years into its strategic innovation fund to buoy up investments across the economy. Of that, the forestry industry will get $100 million.

The government is setting up an export diversification strategy that aims to increase sales to countries other than the United States by 50 per cent by 2025.

A new fund for social finance will allow charities and non-profit groups to finance new ideas. Ottawa will make $755-million available over 10 years in the hope of seeing $2-billion in economic activity and up to 100,000 jobs as a result.

Regulations, red tape and internal trade anomalies will get an overhaul as Ottawa tries to work with the provinces to streamline and harmonize business requirements across the country.

Morneau has fish on the brain. The fiscal update gives about $-49 million a year to rebuilding wild fish stocks and towards setting up fisheries funds in Quebec and British Columbia.

Funding for Nutrition North will be enhanced by $13-million per year in order to bring down the cost of food in the North and to lower the costs of traditional hunting and harvesting.

Avalanche Canada gets a $25-million one-time endowment to bolster its work on avalanche safety.

The monthly deficit for September, 2018 was $1.4 billion, smaller than last year's $3.3 billion. For the fiscal year to date, the federal government is in the black so far, posting a $1.2-billion surplus, compared to a deficit of $6.2-billion for the same April-to-September period last year.