Joe Oliver, business leaders put heads together after poor jobs report

Finance Minister Joe Oliver is meeting with high-powered business leaders today and tomorrow to talk about the economy.

Oliver will take questions from reporters ahead of the meeting. CBCNews.ca will carry the press conference live starting at 12:30 p.m. ET.

The meeting in Wakefield, Que., an annual event for the finance minister, comes on the heels of a brutally disappointing jobs report last week that saw only 200 jobs created in July and huge losses in full-time opportunities. Many thought 20,000 jobs would be created.

On top of that, the Conference Board of Canada ‎said last week that the business sector is holding back on investment.

Finance Minister Joe Oliver is heading a retreat in Wakefield, Que., with high-powered business leaders to discuss obstacles to economic growth and the year ahead. The two-day meeting starts Tuesday. (Sean Kilpatrick/The Canadian Press)

Oliver and the business leaders, including executives from Costco, Hydro-Québec and Rio Tinto‎, will start meeting Tuesday at 1 p.m. and wrap up ‎Wednesday at 2 p.m.

They'll discuss obstacles to economic growth, and Oliver's outlook for the year ahead.

The annual retreat serves as preparation for the government's fall economic statement and the 2015 budget.

Each year, experts and representatives are invited to the retreat, in Wakefield, across the river from Ottawa, to discuss what the government as well as the private sector can do to address current economic challenges.

This will be Oliver's first summer meeting after taking over the finance portfolio from the late Jim Flaherty earlier this year.

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