Job Growth Shows Canada's Economy Recovering
Innisfil Scope
May 31,
2010
by Peter Van Loan, MP, York-Simcoe
As Canada has been coming through the global
economic downturn, our Government has been
focused heavily on the economy. That focus
is paying off. Last month saw Canada create
over 108,000 new jobs – the biggest ever
monthly jump in Canadian history.
Across the board, our Government's
disciplined attention to targeted stimulus,
tax cuts, controlling spending and managing
our financial system has proven to be a wise
approach.
Earlier this month I had the opportunity to
give a personal tour of Parliament to a
visiting group of grade 8 students from the
riding. Most were visiting Ottawa for the
first time, and were amazed by what they saw
– the history and tradition of Canada's
Government, surrounded by rich architecture
and an impressive landscape.
Looking at their young faces, I could see
the potential in their eyes. Some day in the
not too distant future, these students will
leave the school system for their careers,
and strive to be leaders in their own right.
While some will become entrepreneurs, others
will be skilled workers – and in today's
economy many will be both.
My job as a Member of Parliament and Cabinet
Minister, is to make sure that these future
entrepreneurs and future workers benefit
from a strong, dynamic economy, with a
competitive tax system that fosters job
growth.
Many meetings and discussions with the Prime
Minister and Cabinet have demonstrated to my
satisfaction that Canada is well prepared to
lead the world out of the current global
economic slowdown.
Last Friday, the Prime Minister announced
that our Government will focus on moving out
of stimulus and make reducing the budgetary
deficit our focus, in order to return Canada
back to a balanced budget.
We have proposed a 3 point plan to return to
balance:
1) Exit the Economic Action Plan
2) Restrain Government spending
3) Carefully review all Government
spending to identify cost-saving
opportunities
The result will cut our budget deficit in
half next year. While we believe our debt is
still too high, we have the lowest debt of
any major developed economy.
Canadians expect the Government to step
aside now and allow the lowest tax rates in
the G7 on job-creating businesses to make
Canada a destination of choice for new
business investment!
We also benefit from the soundest banking
system in the world. Unlike our competitors
in the developed world, not one Canadian
Bank failed, and no Canadian bank received a
bail-out.
As of now, Canada is already set to lead the
major global economies in economic growth
this year and the next according to the
International Monetary Fund. With this kind
of good news, I can confidently tell the
grade 8's that in their future, Canada will
continue to be the best country in the
world.
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