Canada’s November GDP: UP AGAIN
January 29, 2010
Statistics Canada announced today that for the third straight month, GDP grew in Canada. November’s 0.4% increase followed similar increases in September and October.
- Canada’s Economic Action Plan is working. November marked three consecutive months of economic growth for Canada.
- As further proof that our Plan is working, earlier this week the IMF predicted that Canada’s economic growth will be at the head of the G7 pack in 2010 and 2011.
- While it is encouraging to see our economy stabilizing, the global recovery remains fragile. That is why our government remains focused on the economy, and on implementing our Economic Action Plan.
- As the Prime Minister has said, our government won’t be satisfied until those Canadians who have lost jobs are working again.
- We still have work to do. As we enter Phase II of Canada’s Economic Action Plan, our priority will be threefold: rolling out the remaining stimulus projects across the country; planning for deficit reduction once the economy has recovered; and building a strong foundation for job creation and economic growth.
