Minister Morneau Hosts Second Meeting of the Advisory Council on Economic Growth
August 24, 2016 – Toronto, Ontario – Department of Finance Canada
The Government of Canada is committed to an economic agenda that puts people first, and is based on the notion that when you have an economy that works for the middle class, you have a country that works for everyone.
The Minister of Finance’s Advisory Council on Economic Growth has been tasked with generating bold and innovative ideas that will lead to a higher standard of living for the middle class, and those working hard to join it. Their advice will contribute to the Government of Canada’s Growth Strategy, which will better position Canada in the global economy of tomorrow, while taking on the challenges posed by an aging population as Canada seeks to achieve sustainable, long-term growth.
Following the Council’s inaugural meeting in May, Advisory Council members have taken steps to advance this important work through research and analysis, as well as discussions with experts from across Canada.
Today’s meeting is the second formal gathering hosted by Minister Morneau, and will be attended by the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development. Over the coming months, the Advisory Council will continue its work on the four primary areas that have the highest potential for generating economic opportunity:
- Capital investment and infrastructure;
- Talent and labour markets; and
- Competitive markets, including trade and investment.
This fall, as part of the Department of Finance Canada’s pre-budget consultations, Canadians from coast to coast to coast will be invited to submit their thoughts and contribute to the Growth Strategy through various means, including digital tools, social media and formal consultations that will seek their views on the long-term economic vision for Canada.
“Creating economic growth and strengthening the middle class is a team effort. Partnership—both within and outside of government—is crucially important. That’s why the Advisory Council brings great minds and a global perspective to some of the most pressing challenges we face today. I want to thank my colleague Minister Bains and the members for their ongoing work as we develop a Growth Strategy that will best position Canada for the global economy of tomorrow.”
- Bill Morneau, Minister of Finance
“Innovation is the path to inclusive growth, which means ensuring that every Canadian gets a fair chance at success. Our government’s vision is to make Canada a global centre for innovation—one that creates well-paying middle class jobs, drives growth across all industries and improves the lives of all Canadians. But government cannot act alone if Canadians expect to see meaningful results. That’s why we are engaging with an unprecedented number of Canadians on how to foster a confident nation of innovators. Together, we can act boldly to put Canada on a firm path to long-term growth.”
- Navdeep Bains, Minister of Innovation, Science and Economic Development
Director of Communications
Office of the Minister of Finance
Department of Finance Canada