On November 21st the federal Liberal government released the 2018 Fall Economic Statement revealing good news for middle class Canadians.
Finance Minister Bill Morneau delivered the statement to the House of Commons and attributed the strong and growing economy to the hard work of Canadians. Mr. Morneau was also optimistic about new opportunities through businesses making smart investments that would create jobs across Canada. As one of Ontario’s fastest growing communities, this could be great news for Milton. The Accelerated Investment Incentive will support investments of various businesses that will stimulate economic growth and jobs for the middle class. The Strategic Innovation Fund includes $800 million over 5 years to further support business innovation across the country. There are also plans to modernize federal regulations to encourage businesses growth, which could also result in more jobs.
The Liberal government also reported positive statistics on Canada’s economy including: the strongest economic growth amongst the G7 countries in 2017; fastest growing economy in 2018 and the same projected for 2019; wage growth is outpacing inflation; and, unemployment is at a 40 year low.
According to a statement by Mr. Morneau on the Department of Finance website, there continues to be good news because of Canada’s economy, “Across the country, a strong and growing middle class is driving economic growth, creating new jobs and more opportunities for people to succeed. This Fall Economic Statement is about growing the economy by investing in middle class jobs, helping Canadian businesses compete, and continuing to deliver real progress for the middle class. With the new measures in the Statement, and the continued hard work of Canadians, the Government is building an economy that works for everyone.”
With Milton’s diverse and growing demographics, many residents are encouraged by the recent economic statement. Azim Rizvee, long time resident and 2015 Federal Liberal candidate, says this is the result of the real change that the Trudeau Liberals promised three years ago, “it is abundantly clear that this government is exactly what our country needs,” said Mr. Rizvee, “as we gear up for another federal election, I am working hard to remind my neighbours that a Liberal government is the clear choice for Milton.” Mr. Rizvee is once again campaigning for the Federal Liberal candidacy in Milton for the 2019 election.
There were many initiatives announced by Mr. Morneau during the Fall Economic Statement, and so far there is good news for middle class families throughout Canada.