The Honourable Jim Flaherty, Minister of Finance, today urged policy-makers around the world to renew their efforts to strengthen the global recovery through urgent and productive collaboration.
Speaking to international financial leaders and CEOs at the Global Investment Conference, the Minister noted that, while much has been done since the beginning of the 2008–2009 financial crisis, much more is required to create jobs and economic growth.
“We need to strike a balance between promoting economic growth and job creation, and reducing deficits over the medium term,” said Minister Flaherty. “This is our approach in Canada and it has worked. In uncertain global economic times, the most important contribution a government can make to bolster confidence and growth in a country is to maintain a sound fiscal position.”
Minister Flaherty also stressed how Canada’s Economic Action Plan is opening new markets for Canadian exporters and has helped make Canada an attractive place to invest by keeping taxes low, cutting red tape and removing barriers to trade and investment.
“I firmly believe that actions by other nations to ensure sound public finances and targeted investments in jobs and growth will play a major role in strengthening demand and fostering a job-rich recovery, both in Canada and around the world,” concluded Minister Flaherty.
