Minister Morneau Touts Long-Term Growth for the Middle Class at G7 in Sendai, Japan
May 19, 2016 – Sendai, Japan – Department of Finance Canada
Canada’s Government has an ambitious plan to revitalize our economy by strengthening the middle class and making smart, necessary investments for long-term economic growth. This people-centred approach will flourish through cooperation with international partners and lead to stronger global growth, greater equality and shared prosperity.
On the heels of a very successful first meeting of the Government’s Advisory Council on Economic Growth, Finance Minister Bill Morneau will take part in the G7 Finance Ministers and Central Bank Governors Meeting this week in Sendai, Japan. Minister Morneau will share Canada’s plan for a strong middle class, inclusive growth and prosperity with his counterparts from the world’s most advanced economies.
The Minister will highlight that smart, necessary infrastructure investments have the potential to strengthen the world economy in both the short and longer term. He will also stress the importance of restoring greater fairness and security for all Canadians by addressing risks such as international tax evasion and terrorist financing, and use the opportunity to promote Canada as a solid destination for trade and investment.
With Budget 2016, the Government of Canada took action to strengthen the middle class, make historic investments in infrastructure, and focus on innovation and economic growth, efforts that will support good, well-paying jobs, a cleaner environment and thriving communities. Through partnerships and increased collaboration at home and around the world, the Government is looking to the future as it develops a longer-term growth strategy that will transform the economy for the benefit of the middle class, and those working hard to join it.
“Reducing inequality and prompting global growth starts with strengthening the middle class, and helping those working hard to join it. Thanks to the leadership of governments in the 1990s, Canada now has the capacity and the willingness to make the much-needed investments that will make our country better for our kids and grandkids. It’s the right and smart thing for us to do, and we believe all countries need to do their share to spur inclusive growth, including measures that strengthen trade and investment.”
- Bill Morneau, Minister of Finance
Office of the Minister of Finance
Department of Finance Canada