OTTAWA—Canada on Wednesday unveiled billions in economic measures aimed at jump-starting lackluster business spending and countering the risk of lost investment to the U.S. stemming from the Trump administration’s tax reform.
The initiatives, contained in the Liberal government’s fall economic update, mark an effort to address repeated warnings from Canadian corporate leaders that the U.S. corporate tax-rate cuts and related incentives put in place last January threaten to put Canada at a distinct competitive disadvantage...