As is well known, the overwhelming priority of the Government of Canada since 2008 has been in fostering the environment for Canadian jobs and economic growth to thrive and grow, as well as building the trading relationships and regulatory environment for our long-term prosperity as a nation.
Three recent reports affirm that Canada’s economy and financial system are on the right track.
First, the Organization for Economic Co-operation and Development (OECD) projected that Canada will continue to lead the G-7 in economic growth for 2013 and we are alone among the G-7 countries in continuing to receive the highest possible credit ratings, with a stable outlook, from all the major credit rating agencies.
Second, the World Economic Forum ranked Canada’s financial system as the safest and soundest in the world for a sixth year in a row.
What I found encouraging about the World Economic Forum report was that it also ranked Canada as one of the best in the world at minimizing the number of procedures required of entrepreneurs to start their own businesses.
Third, the monthly unemployment numbers put out by Statistics Canada in early September showed 59,200 net new jobs were created in August. As a result, the unemployment rate fell -0.1 per cent to a near post-recession low of 7.1 per cent.
Canada’s world-class financial services sector and strong economic fundamentals have served Canadians and Canadian businesses well in weathering the worst of the 2008–09 global financial and economic crisis and its after-effects. It’s good news. However, we must always be concerned about safe-guarding our economic growth and boosting our productivity because our trading partners have economies that continue to be burdened by debts and deficits.
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Thank you to all who stopped by my booth at Ancaster Fair this year. While it may have been a little rainy on Saturday, there was still plenty to see and do in the fair buildings. Fortunately, a sunny Sunday brought thousands of people out to enjoy the annual September tradition.
Congratulations to the Ancaster Agricultural Society staff, board and volunteers for all the work they put in every year to make it a success. It takes countless hours behind the scenes and hundreds of volunteers. Your efforts have not gone unnoticed.
Rockton Fair is just around the corner and it’s a great way place to spend some family time on Thanksgiving Weekend. Be sure to take in the 161st annual Rockton World’s Fair — just off Highway 8 in Rockton. Please stop by my booth at Rockton Fair if you have any questions about federal issues, or just to say hello. See you at the Fair!
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Finally, I would like to sincerely thank everyone who participated or contributed to the success of the third Eagle Ride which I recently hosted in support of Hamilton-based Liberty for Youth. Thanks to the generosity of sponsors and donors over $20,000 was raised to help high-risk youth. This scenic motorcycle ride will be back for 2014, so please watch for more information in the new year.