Winnipeg, December 2, 2009
The Honourable Jim Flaherty, Minister of Finance, today presented the Government's latest report on the implementation of Canada's Economic Action Plan.
The Fourth Report to Canadians shows that 97 per cent of stimulus funding in Canada's Economic Action Plan has been committed to more than 12,000 infrastructure and housing projects. About 8,000 or 66 per cent of these projects have already begun in the 10 months since the two-year plan was launched.
"The Economic Action Plan is making a real difference in the lives of Canadians," said Minister Flaherty. "Our economy has begun to turn the corner, but levels of employment and growth have improved only modestly in recent months. We are committed to seeing this Plan through to ensure a full and robust recovery firmly takes hold."
Minister Flaherty highlighted the progress made in implementing the Economic
Action Plan, including:
"We will continue to stay on course, working to get the Canadian economy out of the woods. Once we have stable, entrenched growth in Canada, then we can move on to balancing the budget," said Minister Flaherty.
For more information on Canada's Economic Action Plan, and projects in communities across Canada, please visit www.actionplan.gc.ca
For further information, media may contact:
Office of the Minister of Finance
Department of Finance
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