The Globe and Mail reports in its Saturday edition that Finance Minister Bill Morneau is signalling his 2017 budget will show a preference for "prudent" new spending over tax cuts as the Liberal government braces for a major policy change from Canada's top trading partner. The Globe's Bill Curry writes that Mr. Morneau met Friday with private-sector economists to hear their expectations for the Canadian economy, including the potential ramifications of new tax and trade measures under discussion by president-elect Donald Trump and the Republican-controlled Congress. When asked directly whether the next federal budget will lower corporate tax rates in light of promised business tax cuts south of the border, Mr. Morneau responded with plans for new spending to promote innovation. He said: "We want to continue to have a very competitive economy and to that end, we will make investments and take measures to help have a more innovative and productive economy. That's our goal." CIBC analyst Avery Shenfeld says Ottawa should be concerned "about what's happening in the U.S. and how that might blow back on Canada. ... We just don't know yet what that U.S. policy mix is going to look like."