Minister Morneau to Champion Middle Class Growth through Stronger Trade and Investment at G20 in China
July 22, 2016 – Ottawa, Ontario – Department of Finance Canada
The Government of Canada’s approach for long-term economic growth and a stronger middle class is strengthened by cooperation with international partners which will lead to stronger global growth, greater equality and shared prosperity.
Finance Minister Bill Morneau will meet with his G20 counterparts this weekend in Chengdu, China to promote shared, inclusive growth, supported by trade and investment. The Minister will convey that a strong and growing middle class is pivotal to achieving long-term, sustainable and broad-based economic growth in Canada and around the world.
The Government began implementing its plan to invest and grow the economy by introducing a middle class tax cut for nine million Canadians, introducing the new Canada Child Benefit, which will give 9 out of 10 families with children higher monthly benefits, and by ensuring retirement security by strengthening the Canada Pension Plan. Historic investments in transit, green and social infrastructure will also create more and better jobs, cleaner communities and a better quality of life for all.
During G20 meetings, Minister Morneau will emphasize the need for the G20 to stand ready to respond to challenges and manage risks over the short term, as well as work toward inclusive growth for all citizens.
As co-chair of the G20 Framework Working Group for Strong, Sustainable and Balanced Growth, Canada has been instrumental in encouraging G20 countries to continue with their growth strategies.
“I look forward to continuing to work with the G20 to create long-term, inclusive growth and prosperity that will benefit the middle class, and those working hard to join it. Canada’s pro-trade and pro-investment approach, focused on people, serves as a strong model within the G20. Together, we can create the kind of world where everyone can prosper.”
- Bill Morneau, Minister of Finance
Office of the Minister of Finance
Department of Finance Canada