Winnipeg, December 2, 2009

Archived - Minister of Finance Presents the Fourth Report to Canadians on Canada's Economic Action Plan

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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:

  • Reducing the tax burden for Canadian families and businesses by more than $20 billion over 2008–09 and the following five fiscal years.
  • Supporting Canadian workers who have lost their jobs or may face layoffs through additional Employment Insurance benefits and training opportunities.
  • Creating and preserving jobs through investment in modern infrastructure and affordable housing.
  • Supporting research and advanced education by funding much-needed maintenance, repair and construction projects at colleges and universities across Canada.
  • Protecting jobs in industries and communities hit hardest by the recession.
  • Taking unprecedented action to improve the availability of financing for households and businesses in Canada.

"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

For further information, media may contact:

Annette Robertson
Press Secretary
Office of the Minister of Finance

Jack Aubry
Media Relations
Department of Finance

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