Our government’s economic plan is delivering real, concrete action to build more homes, faster – we can hear those homes being built right now – and to make housing more affordable.
Since the depths of the pandemic, Canada has had the fastest rate of fiscal consolidation in the G7. This means we have brought down our deficits faster than any of our G7 peers. We also maintain both the lowest deficit and debt-to-GDP ratio in the G7, which is central to our AAA credit rating.
More importantly, our plan is delivering clean, reliable, and affordable electricity to people here in Manitoba. And it is creating great jobs—great careers—for people right across Manitoba, including great careers at places like Manitoba Hydro.
In the past few weeks, as part of our economic plan, we have been taking, week after week, real, concrete action to address Canada’s housing challenge to build more homes, faster, and to act on affordability.
Protecting the pensions of every single Canadian is a priority for our government. We will always stand up for the Canada Pension Plan and for the secure and dignified retirement it provides for all Canadians—a point I made clear in today’s meeting.
The Canada Growth Fund is led by some of Canada’s top investors, and we created it to invest in Canadian businesses, to help them scale, and to help crowd-in Canada’s share of the trillions of dollars in private capital that are waiting to be invested in the global clean economy. This is a really innovative way to make the people’s money work harder and to fill the gaps that private capital alone has not been filling in financing the green transition in Canada.
I am so happy to be here today. This is a tremendous moment for Canada, for the Canada Growth Fund, for the Public Sector Pension Investment Board (PSP Investments), for Eavor Technologies Inc., and for Alberta.
Let me just start by saying that the thoughts of all of us are with the loved ones of those killed and with the people of Sault Ste. Marie in the face of this horrific tragedy.