The Proof is in the Numbers: Canada’s Economic Action Plan is WORKING

January 26, 2010

• The International Monetary Fund (IMF) said today that Canada’s economic growth will be at the head of the G7 pack in 2010 and 2011. 
• In 2011, Canada will lead all G7 countries.
• The IMF says stimulus efforts by governments are “driving the global rebound” and recommends that “the fiscal stimulus planned for 2010 should be fully implemented.”
• This reinforces what we’ve been saying all along: Canada’s Economic Action Plan is helping stabilize the economy and enabling Canada to weather current global economic challenges better than nearly every other industrialized country. 
• While it’s encouraging to see the global economy stabilizing, we’re not out of the woods yet.  As the Prime Minister has said, our Government won’t be satisfied we’re on the road to recovery until we’ve recouped the job losses experienced last year.
• As we enter Phase II of Canada’s Economic Action plan, our priority is to continue the rapid implementation of the Economic Action Plan and roll out the remaining stimulus projects across the country. At the same time, we are planning for deficit reduction once the economy has recovered, and we are building a strong foundation for job creation and economic growth.