The automotive industry has been hard hit by the global recession but will remain a driving force across the country and in the City of
The federal government is committed to the restructuring of General Motors, Clement noted, extending US$9.5 billion to the auto giant in June. The move, he said, has protected thousands of jobs at GM plants, dealerships and automotive parts manufacturers.
As part of its commitment to economic recovery and long-term prosperity, the Harper government has also introduced the Federal Economic Development Agency for
Last month, the federal government announced $3.5 million in funding for the City of
“In fact, there are real signs that we have taken the first steps on the road to recovery,” he said in his pep talk. The country’s national unemployment rate fell for the first time in nearly a year, adding more than 92,000 full-time jobs in September. Consumer confidence has risen in seven of the last eight months and, according to the International Monetary Fund’s latest report,
“The building blocks are in place for recovery but as Prime Minister Harper recently noted, this recovery is fragile,” Clement said. “That is why it is crucial that we continue to implement our Economic Action Plan and continue to stay on course.”
As part of the plan, the government has committed $200 billion for new and existing measures to support access to credit for Canadian consumers, homebuyers and businesses. The government has also invested more than $5.1 billion in science and technology this year. “There is simply no doubt that
The Harper government has reformed the Competition Act. “More competition will bring better products at lower prices, more jobs and higher earnings. Competition builds stronger companies and a stronger economy,” said the Minister.
“Our reforms to the Investment Canada Act make it easier to attract international investment,” he continued. “The bottom line is that international investment makes our economy more dynamic and better able to compete in world markets. It provides greater access to capital and ideas, enabling Canadian companies to expand and improve. And it creates more jobs for Canadians.”