Federal Budget to support LSIF program?
One of the rumours one is hearing this month is that the federal government might do something to support (ie. extend) the Labour Sponsored Investment Fund sector in next Monday’s budget.
600 companies in Ontario alone have received the support of a LSIF investment (including us). According to the LSIF crowd, 74,000 people are employed at these 600 investee companies, with an annual $2.3 billion impact to Ontario’s GDP.
Sounds like something that should happen; at which point Ontario Provincial P.C. Leader John Tory will be armed to embarrass the Ontario government into doing something themselves to correct the error of their ways when they brought the sector to its knees in 2005.