Minister Morneau Meets With Private Sector Economists
October 13, 2016 – Toronto, Ontario – Department of Finance Canada
The Government of Canada is committed to an economic agenda that puts people first, and that 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.
By consulting experts, conducting our own detailed analyses and listening to the needs of families, we are building on our approach to create long-term growth for the middle class, better jobs, more vibrant cities and a brighter future.
As part of his pre-budget consultations, Finance Minister Bill Morneau has met with Canadians in Ottawa, Montréal and Toronto to hear their ideas on how to ensure our investments make the biggest difference now, and position us for long-term growth. Today he met with a group of Canada’s leading private sector economists to gather their views on the Canadian and global economies.
The private sector economic forecasts have been used as the basis for fiscal planning since 1994. This practice, which is supported by the International Monetary Fund, ensures objectivity in the fiscal forecast.
“The input I have received today from the private sector economists and Canadians alike tell me that our ambitious plan to grow the economy through smart, targeted investments is the right one. Our government will take the long view, and make necessary investments in the economy to ensure it works for middle class Canadians not just now, but a generation from now.”
- Bill Morneau, Minister of Finance
- Recent global economic developments—including the United Kingdom’s decision to leave the European Union, as well as ongoing financial sector volatility—have put downward pressure on global economic growth, but Canada’s underlying economic and fiscal fundamentals remain sound.
- In the last year, the Government of Canada has taken significant steps towards helping families regain the confidence needed to help drive the economy forward. This includes cutting taxes for 9 million Canadians, introducing a new Canada Child Benefit, and strengthening the Canada Pension Plan so that future generations of workers can retire with dignity.
Office of the Minister of Finance
Department of Finance Canada