Archived - Minister Oliver Consults With Canada’s Science and Technology Sector

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Creating jobs, growth and long-term prosperity remains Government’s top priority

August 26, 2014 – Toronto, Ontario – Department of Finance

Finance Minister Joe Oliver attended a business roundtable today hosted by AceTech, a non-profit organization that provides training and mentorship for CEOs of innovative firms. Minister Oliver consulted with them on the state of the science and technology sector as well as the state of Canada’s economy.

Minister Oliver outlined the Government’s significant investments in science, technology and innovation—investments that are creating jobs, growth and long-term prosperity across Canada.

Quick Facts

  • Canada has created more than 1.1 million net new jobs since the depths of the recession—the strongest job creation record in the Group of Seven (G-7).
  • In 2013, Canada leapt from sixth to second place in Bloomberg’s ranking of the most attractive destinations for business. Canada’s total business tax costs are now the lowest in the G-7, 46% lower than those in the United States.
  • Since 2006, the Government has provided more than $11 billion in new resources to support basic and applied research, talent development, research infrastructure, and innovative activities in the private sector, including more effectively aligning federal support for research with business needs.
  • The Venture Capital Action Plan was launched in January 2013 to increase private sector investments in early-stage risk capital, and contribute to a vibrant private sector-led venture capital sector in Canada.
  • In September 2013, the Government launched the Canada Accelerator and Incubator Program to help entrepreneurs create new companies and realize the potential of their ideas through intensive mentoring and other resources to develop their business.

Quotes

“We live in a highly competitive global economy. To secure tomorrow’s prosperity, we must be innovative today. Together with organizations like AceTech, our Government is investing billions to support made-in-Canada innovation—creating jobs, growth and long-term prosperity across the country.”

- Joe Oliver, Minister of Finance

“At AceTech Ontario, our focus is supporting the CEOs and senior executives of Ontario’s technology-based companies to enhance their business leadership, develop their skill set and keep their companies competitive. We are thrilled to be holding this special roundtable with Minister Oliver to provide him with insight on the technology industry and its challenges.”

- Jo Ann Dizy, Executive Director of AceTech Ontario

Additional Links

Media Contacts

Melissa Lantsman
Director of Communications
Office of the Minister of Finance
613-996-7861

Stéphanie Rubec
Media Relations
Department of Finance
613-996-8080

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