Minister Morneau Again Earns G20 Support for Canada's Plan for Middle Class Growth
July 24, 2016 – Ottawa, Ontario – Department of Finance Canada
Canada’s ambitious plan to revitalize the economy, spur long-term growth and strengthen the middle class is seen by international partners as a model for sharing prosperity and inclusive growth.
Finance Minister Bill Morneau concluded meetings with his G20 counterparts in Chengdu, China, today where he made Canada’s case that a strong and growing middle class is pivotal to achieving long-term, sustainable economic growth.
The Minister earned further support from his G20 counterparts this weekend for Canada’s plan for shared, inclusive growth, supported by trade and investment as pathways to long-term economic growth and a stronger middle class. This comes on the heels of favourable reviews of Canada’s economic policy by The Economist earlier this month as well as the Financial Times, Wall Street Journal and the International Monetary Fund.
During G20 working sessions, the Minister highlighted Canada’s position that smart, necessary and targeted investments can attract private-sector partners to generate more inclusive growth. He also emphasized how information exchanges between tax authorities could address aggressive tax avoidance and international tax evasion.
“I had constructive discussions with my G20 colleagues about Canada’s approach to creating long-term, inclusive growth and prosperity. I believe we can build a robust and resilient world economy by working together toward these common goals and recognizing that an economy that works for the middle class, is an economy that works for Canada and the world.”
- Bill Morneau, Minister of Finance
Office of the Minister of Finance
Department of Finance