Securing Canada's Economic Future: Minister Morneau Speaks at Toronto Region Board of Trade

News release

May 17, 2018 – Toronto, Ontario – Department of Finance Canada

The Government of Canada is focused on the things that matter most to Canadians: growing the economy, creating jobs, strengthening the middle class, and helping everyone working hard to join it. The Government's investments in Canadians and their communities are good for business and good for middle class jobs.

Finance Minister Bill Morneau today spoke with the Toronto Region Board of Trade about how the Government is securing Canada's economic future by making investments in skilled workers, modern infrastructure, global trade and science and innovation, as well as by encouraging workforce participation so that Canada can continue to compete globally and succeed. These investments will deliver long-term growth that works for everyone, while ensuring that Canada remains one of the best places in the world to start, grow, and invest in a business.

Earlier this week Minister Morneau announced Government action to support investor confidence by committing to indemnify the Trans Mountain Expansion Project against any financial loss posed by politically motivated unnecessary delays. The completion of this project will create jobs and support Canada's communities—including Indigenous communities—and benefit all Canadians by providing a safe and efficient means of getting our natural resources to international markets where they will realize greater profits for Canadians. With revenues from this project, governments across Canada will have more to invest in the vital services that Canadians depend on to get ahead.

Quotes

"It should be clear to all that Canadians are competitive. They work hard, compete and succeed. The facts show that business confidence and investment is up, and growing faster than it has in five years. And we are taking action to build on that success. By strengthening the internationally competitive environment for Canadian businesses, the Government is attracting investments that contribute to Canada's economic growth and creating jobs that support families and communities. Getting it right will take an open dialogue based on the facts, and listening to Canadians. I look forward to advancing this dialogue with Canadians in the weeks and months ahead."

- Bill Morneau, Minister of Finance

Quick facts

  • The Government is investing to help Canadians succeed, with:

    • More modern and resilient infrastructure that moves people more efficiently and gets goods to market more quickly and safely.
    • Greater investments in people, so that Canadian workers will gain the skills they need to compete for jobs in the new economy, middle class families will have more help with the high cost of raising their kids, and people working hard to join the middle class will have more opportunities to succeed.
    • Better support for innovation and science, so that Canadian businesses and workers will be more productive, and better able to compete globally.
    • Trade and investment deals that are comprehensive and progressive, so Canadian businesses will have better access to global markets and the billions of customers they represent, and the benefits of growth can be felt by more and more people here at home, and around the world. 

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Contacts

Media may contact:

Daniel Lauzon
Director of Communications
Office of the Minister of Finance
daniel.lauzon3@canada.ca
613-286-4285

Media Relations
Department of Finance Canada
fin.media-media.fin@canada.ca
613-369-4000

General Enquiries

Phone: 613-369-3710
Facsimile: 613-369-4065
TTY: 613-369-3230
E-mail: fin.financepublic-financepublique.fin@canada.ca

 

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