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Prime Minister Trudeau speaks to Minister Morneau before the tabling of the new budget. March 22, 2017. Photo: PMO

Trudeau: “Canadians are more confident in the economy”

In a fundraising email on Friday, March 31, 2017, Prime Minister Justin Trudeau and the leader of the Liberal Party, urges Canadians to donate money “towards the future of our movement” in light of the economic achievements of the Liberal government based on its premise that “a strong economy starts with a strong middle class.”

Trudeau said that the early signs shows that government’s economic plan is working and Canadians are becoming more confident in the economy since the Liberal government introduced the new generous Canada Child Benefit.

The following is the text of Trudeau’s message:

In 2015, Canadians chose real change. But they did more than that. They chose the only team who understands, like Canadians, that a strong economy starts with a strong middle class.

And as we take the important next step in our Liberal plan to strengthen the middle class and build a better future for all Canadians — we are already seeing good, early signs that this plan is working.

Unemployment has fallen since we took office. Canadians are more confident in the economy since we introduced the Canada Child Benefit. And the Canadian economy has created 250,000 new jobs in the last seven months alone.

None of this happened by accident. Your support, your contributions, your hours knocking on doors and making phone calls built this movement and continues to make our progress possible. But make no mistake, there’s much more hard work ahead of us than behind us.

Real change is only possible if the movement we’re building is strong enough for the hard work ahead, and strong enough to win. So far, 4,831 Canadians have contributed $373,340 toward our $500,000 end of first quarter fundraising goal. But we won’t make it all the way unless you too become a part of this.

By supporting the Liberal movement, you’re supporting the only team which understands that a strong economy starts with a strong middle class.

Now I’m asking you to take the next step: Contribute $5 or another amount that works best for you, towards the future of our movement. Let’s continue this work together.

The Financial Post reports that the budget deficit in 2017-18 will increase to $28.5 billion and that the total borrowing, which includes treasury bills as well as issuance in foreign currencies, is projected to reach $286 billion. Canada’s federal government debt will increase to $665.5 billion. According to this report, Canada’s federal government will issue a record $142 billion of bonds next fiscal year to finance its growing budget deficit.

In February 2017, the unemployment rate declined by 0.2 percentage points to 6.6%, the lowest since October 2008. In the 12 months to February, employment rose by 288,000 (+1.6%), with most of the gains occurring since July 2016. This coincided with stronger economic growth in the second half of 2016. According to Statistics Canada, In the 12 months to February, full-time employment rose by 235,000 (+1.6%), driven by increases since July. The number of people working part time fell by an estimated 90,000 in February, following a period of growth that began in the autumn of 2015.

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About CIJnews Staff

CIJnews Staff
CIJnews is an independent, dynamic and reliable online news source that serves the Canadian Jewish and Israeli communities and provides an uncensored platform for the spectrum of voices.

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