Archived - Minister Oliver Meets With New Economic Advisory Council

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Discussions focus on Canada’s fiscal, economic and financial issues

September 4, 2014 – Toronto, Ontario – Department of Finance

Finance Minister Joe Oliver today met for the first time with the new Economic Advisory Council to discuss a range of fiscal, economic and financial issues.

The council consists of 16 business and academic leaders from across Canada. They were selected by Minister Oliver in July to provide advice on a broad range of policy issues, as the Government returns to balanced budgets next year.

Quick Facts

  • The first Economic Advisory Council was established in 2008 to provide economic advice to the Minister of Finance during the global financial and economic crisis.
  • Council members receive a salary of $1.
  • Canada has created more than 1.1 million net new jobs since the height of the recession—one of the strongest job creation records in the Group of Seven (G-7).
  • Both the International Monetary Fund and the Organisation for Economic Co-operation and Development expect Canada to be among the strongest growing economies in the G-7 over this year and next.
  • In 2013, Canada leapt from sixth to second place in Bloomberg’s ranking of the most attractive destinations for business.
  • According to KPMG, total business tax costs in Canada are the lowest in the G-7 and 46% lower than those in the United States.
  • A recent New York Times analysis found that “after-tax middle-class incomes in Canada—substantially behind in 2000—now appear to be higher than in the United States.”
  • Four credit rating agencies—Moody’s Investors Service, Fitch Ratings, Standard & Poor’s and DBRS—have all reaffirmed their top ratings for Canada.

Quotes

“Under the leadership of Prime Minister Stephen Harper, Canada has become an international success story. But we cannot be complacent. We live in an unstable world. During these challenging economic times, we must continue our unrelenting focus on Canadians’ top priority: creating jobs, growth and long-term prosperity. That is why I am meeting with the Economic Advisory Council—to hear the ideas of business leaders and academics on how our Government can make Canada the best place in the world to invest, start a business and create jobs.”

- Joe Oliver, Minister of Finance

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
613-369-4000

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