News Release Article from
Government Welcomes the Advisory Council on Economic Growth's Second Wave of Recommendations
February 6, 2017 – Ottawa, Ontario – Department of Finance Canada
The Government of Canada believes that a strengthened middle class means hard-working Canadians can look forward to a good standard of living and better prospects for their children. That is why building an economy that works for middle class Canadians and their families is the Government's top priority.
Today, Finance Minister Bill Morneau welcomed the second wave of recommendations from the Government's Advisory Council on Economic Growth. The recommendations focus on unleashing Canada's economic potential by unlocking innovation to drive growth, bringing more Canadians into the labour force, building a highly skilled Canadian workforce for the jobs of tomorrow, and strengthening Canada's trading partnerships.
Innovation, Science and Economic Development Minister Navdeep Bains also welcomed the Council's recommendations to strengthen Canada's innovative capacity—one that drives economic growth and leads to better skills, jobs and opportunities for all Canadians.
The second wave of recommendations from the Advisory Council are in addition to the unprecedented pre-budget consultations held for Budget 2017, which had the highest turnout on record with over 1 million people reached and over 29,000 submissions received. These pre-budget consultations were complemented by the work of Members of Parliament and the House of Commons Standing Committee on Finance.
The Government is listening to Canadians' priorities, and in the months and years to come this consultative approach will help guide the federal government's work with provinces, territories and Indigenous communities—and all Canadians—to bring positive change.
"Our Government's goal is simple: We want to ensure the middle class is equipped to succeed in the global economy of tomorrow. Canadians have engaged in pre-budget consultations and other venues for public dialogue in unprecedented numbers, and we have listened. Canadians want us to push forward with our plan to grow the economy, strengthen the middle class and help our most vulnerable. Our core belief is that a vibrant and thriving economy needs a successful middle class as its engine."
- Bill Morneau, Minister of Finance
"Now is the time to act on a comprehensive approach to foster innovation for a better Canada. Innovation will lead to better jobs and opportunities for the middle class. Innovation will enable Canadians to develop the skills they need to compete globally. And innovation will result in more companies expanding beyond our borders. Canada stands at a defining moment. We are competing with countries around the world for the most talented people, the newest technologies and the fastest-growing companies. Jobs and prosperity will go to the countries that succeed in those three areas."
- Navdeep Bains, Minister of Innovation, Science and Economic Development
The Government asked the Advisory Council on Economic Growth to focus on four areas:
- Capital investment and infrastructure;
- Talent and labour markets; and
- Competitive markets, including trade.
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Office of the Minister of Finance
Department of Finance Canada
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