Budget 2017: Building a Strong Middle Class in Vancouver and British Columbia
March 28, 2017 – Vancouver, British Columbia – Department of Finance Canada
Canada's spirit of innovation created the industries and jobs that gave rise to Canada's middle class, and it continues to create opportunity and provide a real and fair chance to build better lives for ourselves and for our children. Innovation is changing how we live for the better, but it is also changing the nature of work, creating uncertainty. That is why Budget 2017 takes the next steps in the Government's plan to create good middle class jobs today, while preparing Canadians for the jobs of tomorrow.
Finance Minister Bill Morneau was in Vancouver today to highlight how Budget 2017, Building a Strong Middle Class, positions Canada at the leading edge of the new economy through investments in innovation that will connect stakeholders around commercial opportunities on a global scale, take an innovative and collaborative approach to solving modern challenges, and help businesses get what they need to grow and create good middle class jobs.
At an event hosted by Innovation Boulevard, Minister Morneau joined Simon Fraser University President Andrew Petter and local Members of Parliament to discuss how Budget 2017 will help make Canada a world-leading centre for innovation, while ensuring Canadians have the tools they need to thrive in an innovation-driven economy.
Minister Morneau also highlighted the Government's new Innovation and Skills Plan, which will:
- Build an innovative economy that is open to all Canadians.
- Help Canadians adapt to the changing nature of work.
- Help young Canadians as they enter the workforce.
- Encourage a culture of lifelong learning.
- Create an open and creative society that attracts the best and brightest from around the world.
Budget 2017 continues the Government's smart, necessary investments in people, communities and our economy in a fiscally responsible and sustainable way.
"Economies are shifting, automation is on the rise, and the nature of work is being redefined. For Canada's workers to thrive in an innovation-driven economy, they must be equipped with the skills they need to succeed. This is true for all Canadians—no matter their gender, age, income, education, or work experience. Every Canadian deserves a chance to contribute to—and benefit from—an economy fuelled by innovation."
- Bill Morneau, Minister of Finance
Budget 2017 supports Greater Vancouver by:
- Building better communities through investments in world-class infrastructure that will improve public transit and provide Canadians with cleaner water to drink and cleaner air to breathe.
- Providing $2 billion over 11 years for a new National Trade Corridors Fund to address urgent capacity constraints and freight bottlenecks at major ports of entry, and to better connect the rail and highway infrastructure that delivers economic growth across Canada.
- Investing in superclusters that will make it easier for innovators and potential customers to work closely together on research, development and demonstration activities that pursue major commercial opportunities, to boost productivity, and create jobs and drive economic growth.
Media may contact:
Office of the Minister of Finance
Department of Finance Canada