Friday, September 23, 2011

Canada’s Economy Continues to Lead the Way: Parm Gill

StarBuzz Weekly, Toronto-Date: September 24, 2011 - Brampton-Springdale, Ontario – Amid uncertain economic times, our Government has remained focused on what matters to Canadians – creating jobs and promoting economic growth. This week, the International Monetary Fund (IMF) forecasted Canada will have the strongest overall economic growth among the Group of Seven (G-7) countries over the next two years.
“Our country remains financially and economically stable due to sound banking fundamentals and fiscal policy and a proven low-tax plan,” said Parm Gill, Member of Parliament for Brampton-Springdale. “However, we are not immune to the economic turbulence facing the global economy.”

The IMF’s forecast for Canada is yet another example of our global economic leadership and strength. This follows a trend for Canada over the past few years, which includes:
 The strongest job growth record in the G-7, with nearly 600,000 net new jobs created since July 2009.
 The World Economic Forum ranked Canada’s financial system the soundest in the world for the fourth consecutive year, and;
 Moody’s renewing Canada’s AAA credit rating.
Our country has been praised for its economic resiliency, very high government financial strength, low susceptibility to event risk and our sound fiscal and financial direction. Our Government continues to work on providing hard-working Canadians with a strong financial system, a growing economy and jobs for those who need them the most.
“We must stay on course and continue to implement the Next Phase of Canada’s Economic Action Plan to ensure we remain strong in an uncertain economic climate,” said Parm Gill. “We have a proven job-creating initiative that will continue to move our country forward.”

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