Minister Morneau Concludes G20 Meeting with Renewed Support for Canada's Plan for Long-Term Growth for the Middle Class
February 27, 2016 – Shanghai, China – Department of Finance
Finance Minister Bill Morneau today concluded his participation at the G20 Finance Ministers and Central Bank Governors Meeting in Shanghai, encouraged by the support he received for Canada’s new path to strengthen the middle class and grow the economy.
The Government of Canada is taking action to ensure that economic growth is shared with the middle class and those working hard to join it. After years of weak growth, the Government is making investments to create conditions that will lead to long-term economic growth.
The Government has already started to invest in and grow the economy with its tax cut for the middle class. In its budget on March 22, the Government will continue down this path by introducing a simpler, more generous and better targeted Canada Child Benefit, a program that will lift hundreds of thousands of children out of poverty. It will also make historic infrastructure investments that will create jobs, help move people and goods, and make our communities even greener.
At the Shanghai meeting, Minister Morneau encouraged all G20 members to implement long-term growth strategies, and met with Canadian business leaders to discuss creating more global opportunities for Canadian businesses to grow and thrive on the international stage.
“I received very positive feedback on Canada’s new path for long-term growth, and recognition that when the middle class thrives, we all thrive.
“My G20 colleagues and I made good progress on advancing policies to strengthen the global economy. In Budget 2016, we will demonstrate Canada’s commitment to making smart and necessary investments in order to grow the economy and make a real difference for the middle class and the most vulnerable.”
- Bill Morneau, Minister of Finance
- The G20 is the premier forum for international economic cooperation, with members accounting for 85 per cent of global output and two-thirds of the world’s population.
- A key focus of the G20 has been to foster strong, sustainable and balanced global growth through collective actions.
- Communiqué: G20 Finance Ministers and Central Bank Governors Meeting, 26-27 February 2016, Shanghai, China
Office of the Minister of Finance
Department of Finance