Minister Morneau Highlights Canada's Economic Success at Fortune Global Forum

From: Department of Finance Canada

News release

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

The Government of Canada is committed to strengthening and growing the middle class, and ensuring that everyone has a real and fair chance at success. When Canadian businesses are able to compete and succeed, it leads to more good, well-paying jobs that support Canadians and our communities.

Speaking to influential global business leaders in a question and answer session at the Fortune Global Forum in Toronto, Finance Minister Bill Morneau talked about how Canada's economy is faring, and highlighted actions the Government of Canada is taking to build a stronger and more competitive economy that works for everyone.

The Minister also promoted Canada as an investment destination, noting Canada's status as the fastest-growing G7 economy in 2017. On the importance of international trade, he noted that Canada is the only G7 country holding free trade agreements with every other G7 country—giving Canadian businesses access to 1.5 billion consumers around the world.

Quotes

"Canada has fair and competitive business taxes, a highly skilled and educated workforce, and a steadfast commitment to rules-based international trade. Although the Canadian economy is doing very well, the Government recognizes that there is more work to do. We are taking steps on many fronts to help all Canadian businesses and workers succeed."

- Bill Morneau, Minister of Finance

Quick facts

  • The Fortune Global Forum in Toronto brings together the Chief Executive Officers of the world's 500 largest companies, the Fortune Global 500.

  • More than half a million full-time jobs have been created in the last three years in Canada. The national unemployment rate is near historic lows.

  • The share of working-age Canadians employed is close to its highest in Canadian history, with 2018 having the strongest wage growth for Canadians in close to a decade.

  • Canada has the most educated workforce among the Organisation for Economic Co-operation and Development countries and one of the lowest statutory corporate income tax rates in the G7. It is also the only G7 country to have trade agreements with every other G7 jurisdiction, through the U.S.-Mexico-Canada Agreement, the Canada-European Union Comprehensive Economic and Trade Agreement, and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.

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Contacts

Media may contact:

Pierre-Olivier Herbert 
Press Secretary 
Office of the Minister of Finance
pierre-olivier.herbert@canada.ca 
613-369-5696

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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