Today's budget presents the continuity of a plan for economic growth that builds on Canada's economic and fiscal advantages. The measures announced by the government will help Canadian businesses prosper and compete.
"We have urged the government to focus on where Canada needs to be in five or 10 years, even if it means making tough decisions now. The government has acted on some of the key elements of the Canadian Chamber of Commerce's Top 10 initiative for restoring Canada's competitiveness. The result will be a stronger economy and more jobs," said Canadian Chamber of Commerce President and CEO Perrin Beatty.
The Canadian Chamber particularly welcomes the money for major infrastructure projects: "Nobody cuts a ribbon when a new sewer pipe is installed. It's just not a dramatic moment," said Perrin Beatty. "But thousands of Canadians idling in their cars because of traffic congestion or bridge delays can tell us what investments in infrastructure can mean to our quality of life and productivity."
"We applaud the government's commitment to infrastructure funding. This vital funding will help support key transportation issues, commented Oakville Chamber Chair Orla Johnston. "The success and competitiveness of Canadian business depends on modern and efficient infrastructure."
There is a strong link between the investment in core public infrastructure, such as roads, transit and utilities, and the productivity performance of all sectors of the Canadian economy. Equally clear are the consequences of underinvestment.
"In pre-budget consultations with the four Halton M.P.s, our chamber emphasized the need to eliminate the deficit, invest in infrastructure and support trade initiatives, both internally and externally. We were pleased to see all of these areas were addressed in this budget," noted Johnston.
Finally, the chamber network encourages the government to maintain its policy of allowing market forces to set services and prices for Canadian consumers. Unnecessary government intervention, however well intended, has a long record of damage and unintended consequences in Canada.