Managing Fiscal Position and Supporting Economic Growth

:chart_with_upwards_trend:Canada has a strong fiscal position with a AAA credit rating, the lowest debt to GDP ratio in the G7, and historically low unemployment rate.

:moneybag:The government is investing in Canadians through programs like the Canada Child Benefit, $10 a day Child Care, and support for families, aiming to grow the economy and provide opportunities for all.

:construction_worker:The government is focused on productivity growth through innovation, AI, and investments in businesses and assets.

:money_with_wings:Efforts are being made to reduce costs on third party consultants and outsourcing, reallocating the savings towards government priorities.

:raising_hands:Collaboration between government, businesses, and stakeholders is essential to ensure productivity growth and economic success.

What is the current fiscal position of Canada?

—Canada has a strong fiscal position with a AAA credit rating, the lowest debt to GDP ratio in the G7, and historically low unemployment rate.

What investments is the government making to grow the economy?

—The government is investing in programs like the Canada Child Benefit, $10 a day Child Care, and support for families to provide opportunities for all and stimulate economic growth.

How is the government promoting productivity growth?

—The government is focusing on innovation, AI, and investments in businesses and assets to drive productivity growth and enhance economic performance.

Are there any efforts to reduce costs on outsourcing?

—Yes, the government is working to reduce costs on third party consultants and outsourcing, reallocating the savings towards government priorities.

What is the importance of collaboration for productivity growth?

—Collaboration between government, businesses, and stakeholders is crucial to ensure productivity growth and overall economic success.

00:01The Minister highlights Canada's strong fiscal position, including AAA credit rating, low debt to GDP ratio, and low unemployment rate.

02:56The government is investing in programs like the Canada Child Benefit and $10 a day Child Care to stimulate economic growth.

05:54The government is focused on productivity growth through innovation, AI, and investments in businesses and assets.

08:05Efforts are being made to reduce costs on third party consultants and outsourcing, reallocating the savings towards government priorities.

10:58Collaboration between government, businesses, and stakeholders is crucial for productivity growth and overall economic success.