Conservatives Delivering Economic Strength

September 03, 2009

In the face of a global recession, our Conservative government is taking real action and delivering real results for Canadian families.

In January, we brought forward Canada’s Economic Action Plan, which is helping Canadians across the country to deal with the challenges of today, and to be on track for a brighter future tomorrow.

“The mission supports the large, timely, and well-targeted fiscal stimulus in Budget 2009.”
International Monetary Fund
2009 Article IV Mission to Canada: Concluding Statement, March 9, 2009

International experts agree that Canada’s Economic Action Plan is the right course to help Canada weather the global economic storm.

 

• Ensuring the stability and continued success of our financial sector is crucial. Unlike in many countries, Canada’s banks have remained solvent and well-capitalized throughout the global recession.
• Investing in a highly skilled workforce means that Canada is well positioned to attract and retain the jobs of tomorrow.
• Cutting taxes for individuals and businesses means that families have an easier time making ends meet and Canada becomes a more competitive place for international companies to do business.
• Investing in deliberate, targeted infrastructure projects helps to create and maintain jobs while providing economic strength to local economies across the country.
• Creating temporary policy initiatives, like the Home Renovation Tax Credit, that create economic growth when we need it, without saddling future generations with structural deficits.

Since first being elected, our Conservative government has taken action to pay down billions on Canada’s debt. This action has put us in a good position to afford strong economic stimulus measures. The IMF reports that Canada’s debt-to-gdp ratio dropped from 72.36 in 2004 to a projected 58.45 in 2009.

But the job’s not done yet and we have more work to do. Canadian families and businesses can count on our Conservative government to continue delivering Canada’s Economic Action Plan as we work towards a strong economic recovery.