Archived - The Next Chapter in Canada’s Economic Success
April 7, 2014 – Toronto, Ontario – Department of Finance
Speaking to the Canadian Club of Toronto in his inaugural speech as Finance Minister, the Honourable Joe Oliver today reaffirmed the Harper Government’s commitment to balanced budgets as the foundation for advancing its proven record of creating jobs and growth for hard-working Canadian families.
- Canada has enjoyed the strongest employment performance in the Group of Seven (G-7) since 2006.
- Canadian families in all income groups have benefitted from this strength, with tax cuts for an average family of four of close to $3,400 and a more than 45% increase in Canadian household net worth.
- Canada has the lowest total government net debt burden of any G-7 country. The federal government’s deficit is expected to decline to $2.9 billion in 2014–15, with a surplus of more than $6 billion expected in 2015–16.
- Both the International Monetary Fund and the Organisation for Economic Co-operation and Development expect Canada to be among the strongest growing economies in the G-7 over this year and next.
Melissa Lantsman
Director of Communications
Office of the Minister of Finance
613-996-7861
Stephanie Rubec
Media Relations
Department of Finance
613-996-8080
