One of the key themes of Tuesday's throne speech focused on the Canadian economy and tax cuts.

To this end, the Conservatives say they will provide a further reduction in the GST, which they already cut by one per cent last year.

But that alone may not be enough to satisfy business leaders who have been calling for broader tax cuts to help industries hurt by a soaring loonie and high energy costs.

Jason Clemens of the Fraser Institute told CTV News, "Certainly over the last two years, I think a number of economists of all stripes have been disappointed in the nature of the tax cuts. We certainly haven't had broad-based, incentive-based tax cuts."

The Conservatives did promise to help workers in Canada's traditional industries including forestry, fisheries, tourism, and manufacturing. But there were no specifics.

The throne speech also made a vague commitment to help middle-class families with education and health-care needs. But the speech only specified helping families care for children with disabilities. It also promised to help some Canadians get back into the workforce.

Business commentators who are generally considered political friends of the Tories say they're not impressed by Tory management of government finances.

"I think a lot of small-c conservative Canadians are disappointed with this government's economic policies," said Gerry Nicholls of the Democracy Institute.

"They haven't done a lot in terms of reducing the size of government or cutting back spending and they've offered very little in terms of meaningful tax relief."

But Industry Minister Jim Prentice told reporters after Tuesday's speech that the Tory agenda delivers what industry and business leaders have been calling for.

"Broad-based tax relief is referred to in the throne speech," he said.

"It's an excellent agenda. I think that what we seek from Parliament is a mandate to govern. All Canadians will be impressed with a reduction in GST and with broad-based tax relief. This will appeal to Canadians."

Business leaders and ordinary Canadians could get specifics next month. That's when the government is slated to deliver its economic update, which is billed as a mini-budget of sorts.

With a report from CTV's David Akin in Ottawa