Canada's Approach to Economic Growth Gets Noticed at the G7
May 21, 2016 – Sendai, Japan – Department of Finance Canada
The Government of Canada’s ambitious plan to revitalize our economy through smart, necessary investments for long-term economic growth and a strong middle class is gaining recognition among the world’s most advanced economies.
Finance Minister Bill Morneau today concluded his meeting with the G7 Finance Ministers in Sendai, Japan, where he shared Canada’s plan to create better jobs, promote a cleaner environment and build more liveable communities through investments in people and the economy. Canada’s people-centred approach will flourish through cooperation with international partners and lead to stronger global growth, greater equality and shared prosperity.
Canada’s economic approach is based on the notion that, when you have an economy that works for the middle class, you have a country that works for everyone. Minister Morneau had the opportunity to meet directly with German Finance Minister Wolfgang Schäuble to discuss mutual priorities, and encouraged all of Canada’s G7 partners to do their share to spur inclusive global growth.
Minister Morneau also used the opportunity to promote trade and investment in Canada, highlighting its strong relationship with the Asia-Pacific region, and the opportunities to further build on a two-way trade relationship now worth close to $170 billion per year. Creating new markets for Canadian-made goods, providing more selection to consumers and demonstrating leadership on the international stage will better position Canada for the global economy of tomorrow, and provide more opportunities for Canadian families now and in the future.
“Canada is leading by example with our plan to grow the middle class by making historic investments in infrastructure, and in the long-term drivers of economic growth and innovation. I was proud to share Canada’s approach with my G7 counterparts, and I am more confident than ever that the investments contained in Budget 2016 and the longer-term growth strategy we are developing are exactly what Canadian families—and the global economy—need now, and for the future.”
- Bill Morneau, Minister of Finance
Office of the Minister of Finance
Department of Finance Canada