Ottawa, September 8, 2005
2005-056

Archived - Goodale Calls for Greater Cooperation to Promote Increased Economic Growth

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Governments at all levels must work together with business, labour and the academic community to ensure Canada's long-term prosperity, Minister of Finance Ralph Goodale told a luncheon audience in Vancouver today.

Speaking to members of the Vancouver Board of Trade, the Minister highlighted Canada's impressive track record of economic growth over the past several years, but added that a number of factors, including higher energy prices, the rising value of the Canadian dollar and increased competition from countries such as China, India and Brazil, all mean that our country cannot afford to take its current prosperity for granted.

"I believe our Canadian goal and our agenda must be an increasingly smart and sophisticated economy with the wherewithal to compete at the high-end of markets and the means to keep growing," Minister Goodale said.

The Minister pointed out that the Government has made considerable investments in education, skills training, infrastructure and innovation in recent years, along with substantially reducing corporate and personal income tax rates. He added, however, that Canada continues to lag other nations in private sector spending on research and development, as well as investment in new machinery and equipment.

Minister Goodale also noted that education, skills and a commitment to lifelong learning are perhaps the most important elements in any effort to ensure Canada's long-term growth and prosperity.

"It should be our constant ambition that every Canadian should have an opportunity to experience the fulfilment, the freedom and the empowerment that flow from knowledge and understanding," the Minister stated.

Over the next several weeks, Minister Goodale will be speaking to business groups and other organizations in cities across Canada to discuss the challenges our country needs to meet to assure its long-term growth and prosperity and to hear the views of Canadians on this important issue.

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For further information, media may contact:

John Embury
Director of Communications
Office of the Minister of Finance
(613) 996-7861

David Gamble
Public Affairs and Operations Division
(613) 996-8080

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