Thursday, October 13, 2011

Signs of economic recovery

Over the past few years, you have often heard me talk about the fact that Canada’s economic recovery remains fragile.

Scary examples of what could have happened as a result of overspending can be seen in Europe and even closer to home.

Although Canada’s recovery is far from complete, there are some key signs of significant progress.

Jim Flaherty recently told a House of Commons Committee that Canada is well positioned to face global economic challenges despite renewed uncertainty generated by fiscal situations elsewhere.

Canada is the only G-7 country to have regained all the output and jobs lost in the global recession. Canada’s net debt burden is markedly lower than that in most other major industrialized countries, and our fiscal fundamentals are sound and sustainable over the long term.

We have a low-tax plan for jobs and growth and the resolve to stay the course.

The Next Phase of Canada’s Economic Action Plan will preserve this country’s advantage in the global economy, strengthen the financial security of Canadian workers, seniors and families, and provide the stability necessary to secure our recovery in an uncertain world.

One of the best strategic contributions that the government can make to bolster confidence and growth in Canada is to maintain our strong fiscal position.

To that end, the government will maintain its plan to return to balance a year early, by 2014–15, through its deficit reduction action plan, which will achieve $4 billion in annual savings once it is fully implemented three years from now.

On a personal note, I often talk in this section about delivering for hardworking families of Halton — this has always been a priority of mine, a priority shared by my friend Joyce Savoline.

I would like to take this opportunity to thank Joyce for her many years of service to the people of Halton, both in her role as Member of Provincial Parliament for Burlington and before that as the first directly elected chair of Halton region.

Joyce decided not to seek re-election this month, opting instead to spend more time with her family and some other exciting projects.

She has truly been a shining example to women in politics and she will be missed.

I look forward to working with the next MPP for Burlington and I am excited to see another strong, qualified woman in Jane McKenna.

Source: www.insidehalton.com

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