News Release Article from
Partners in Prosperity: Minister Morneau Talks Middle Class Jobs in Washington, D.C.
February 9, 2017 – Washington, D.C. – Department of Finance Canada
Canada and the United States have built one of the most productive, interconnected and enduring economic relationships in the world—one that has led to shared prosperity and a better quality of life for middle class families in both countries.
Canada's Minister of Finance, Bill Morneau, spoke of the strong Canada-U.S. relationship today at Washington, D.C.'s Georgetown University.
The Minister highlighted that 9 million American jobs depend on trade and investment with Canada, and spoke of the balanced and tightly knit economic and trade ties between the two countries.
He added that it is in the interest of both countries to continue working together to achieve the shared goals of creating well-paying jobs and improving the living standards of the middle class and those working to join it, on both sides of the border.
Minister Morneau also discussed the importance of the Canada-U.S. economic partnership with senior White House economic advisors and Congressional Leaders.
- Canada and the United States share a longstanding relationship, bonded through people-to-people ties and a strong trading relationship that includes:
- the largest, two-way, balanced trading relationship in the world, with nearly US$700 billion in goods and services traded in 2015;
- 35 states counting Canada as their top export market, with an additional 13 states ranking Canada in their top three export markets; and
- a highly integrated manufacturing sector, with products crossing the border several times before final assembly and sale in both countries.
"Canada's plan for long-term growth puts people first—creating jobs and opportunities for the middle class and those working to join it. This is a goal we share with our closest neighbour and partner, the United States. As we look to deepen our ties, we have a strong foundation on which to build: a balanced and mutually beneficial economic relationship that contributes to millions of jobs on both sides of the border."
- Bill Morneau, Minister of Finance
Media may contact:
Office of the Minister of Finance
Department of Finance Canada
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