Ottawa, June 18, 2012
2012-069
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The Honourable Jim Flaherty, Minister of Finance, applauded the House of Commons’ endorsement of Bill C-38, the Jobs, Growth and Long-term Prosperity Act, which contains key measures from Economic Action Plan 2012.
“While our economy has performed relatively well during recent global economic turmoil, with the strongest record of job growth in the entire Group of Seven (G-7), Canada cannot be complacent,” said Minister Flaherty. “The global economy remains extremely fragile and challenges remain, as we see in ongoing events in Europe.”
The Jobs, Growth and Long-term Prosperity Act positions Canada for long-term success by:
- Modernizing Canada’s currency by gradually eliminating the penny from Canada’s coinage system.
- Refocusing government and programs.
- Making it easier for Canadians and businesses to deal with their government.
- Modernizing and reducing the back office.
“In a rapidly changing and turbulent global economy, where Canada faces increasing competition from emerging economies, the Jobs, Growth and Long-term Prosperity Act takes the necessary, responsible action to tackle Canada’s long-term economic and financial challenges head on,” concluded Minister Flaherty. “I applaud the House of Commons for its support of a plan that will bolster Canada’s long-term economic strength and create more high-quality jobs for today and tomorrow.”
The Jobs, Growth and Long-term Prosperity Act now moves to the Senate for review and debate.
For further information, media may contact:
Mary Ann Dewey-Plante
Press Secretary
Office of the Minister of Finance
613-996-7861
Jack Aubry
Media Relations
Department of Finance
613-996-8080
