IMF Report Says the Government of Canada's Investments Support Middle Class Growth

July 13, 2017 – Ottawa, Ontario – Department of Finance Canada

Canada's greatest resource is its people, and investing in the success of middle class Canadians will mean greater and more widely shared economic growth, better infrastructure, and more well-paying jobs in the new economy.

Finance Minister Bill Morneau today welcomed the release of the Staff Report of the International Monetary Fund's (IMF) annual Article IV Mission to Canada. The report notes that the Government of Canada's investments are working to create stronger growth in Canada's economy.

The IMF recognizes Canada's approach of making smart, responsible investments in people, communities and the economy, to create growth that is shared by the middle class and those working hard to join it. Today's report notes that the Canadian economy's renewed momentum is supported by these investments, and that the Canada Infrastructure Bank has the potential to be an important and effective instrument for supporting infrastructure investment and economic growth.

Quote

"I am pleased that the IMF recognizes Canada's approach of investing in people and the economy, and ensuring that the growth we create is widely shared. When you have an economy that works for the middle class, you have a country that works for everyone."

- Bill Morneau, Minister of Finance

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Chloé Luciani-Girouard
Press Secretary
Office of the Minister of Finance
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