Minister Morneau Addresses Cercle Finance du Québec
April 29, 2016 – Québec, Quebec – Department of Finance Canada
Finance Minister Bill Morneau today spoke with members of Québec’s financial and business community about the Government’s plan to revitalize the Canadian economy, grow the middle class and create long-term growth that benefits all Canadians.
In his remarks to the Cercle finance du Québec, the Minister underscored that the Government’s investments in public transit will shorten commutes, making it easier for people to get to work and for families to spend more time together. Based on ridership, the Minister estimates that $924 million of the $3.4 billion Public Transit Infrastructure Fund will be allocated in the Province of Quebec. This Fund makes up part of the Government’s plan to invest more than $120 billion in infrastructure over the next 10 years to create more modern, cleaner communities.
Minister Morneau also outlined the Government’s vision to make Canada a global innovation leader, and the opportunities for the country’s creative entrepreneurs and innovative companies to grow their businesses and enter global markets. As part of this plan, $50 million over five years will go to Québec’s National Optics Institute to provide research and development assistance to businesses with a focus on optics and photonics, ultimately helping Canadian companies to enhance their competitiveness and reach out to new markets.
Minister Morneau also highlighted Budget 2016’s commitment to creating inclusive growth that benefits the middle class and those working hard to join it, including historic investments in Indigenous peoples of $8.4 billion over five years. These investments will improve the living conditions of Indigenous peoples and their communities, and expand opportunities to ensure Indigenous children benefit from the same opportunities as any other child in Canada.
“Budget 2016 includes measures that will grow the economy for the benefit of every Canadian. We believe in making sure the growth we create through investments in the middle class, infrastructure and innovation is shared by everyone, not just the wealthiest among us. For example, our proposed investments in education, infrastructure, training and other programs for Indigenous peoples will directly contribute to a better quality of life for them and a stronger, more prosperous country.”
- Bill Morneau, Minister of Finance
Office of the Minister of Finance
Department of Finance