Minister Fraser Highlights Air Quality Investments in Budget 2022

Minister Fraser Highlights Air Quality Investments in Budget 2022

Canada News Wire

ANTIGONISH, NS, April 11, 2022

ANTIGONISH, NS, April 11, 2022 /CNW Telbec/ – From the depths of the pandemic recession, the government’s focus on jobs—keeping Canadians employed and their employers surviving—has ensured from Canada the economy recovered quickly and vigorously. Canada had the best jobs recovery in the G7, having recovered 112% of lost jobs and with an unemployment rate that sits at just 5.5%, close to the low of 5.4% in 2019 which was from Canada best for five decades.

Last week, the Honorable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, released Budget 2022: A plan to grow our economy and make life more affordable. Today, the Honorable Sean Fraser, Minister of Immigration, Refugees and Citizenship, is Antigonish emphasize the importance of government from Canada investments in clean air and a strong economy.

In Budget 2022, the Government is making targeted and responsible investments to create jobs and prosperity today, and build a stronger economic future for all Canadians. These include:

1. Investing in Canadians and making life more affordable: Canadians are the backbone of a strong and growing economy, and measures that promote access to housing and a growing workforce are imperative for economic growth. Budget 2022 housing measures include: putting Canada on a path to doubling housing construction over the next decade; helping Canadians save and buy their first home; prohibit foreign investment that makes housing less affordable for Canadians; and curbing unfair practices that make housing more expensive for Canadians. Budget 2022 also invests to ensure Canadian workers have the skills they need for the well-paying jobs of today and tomorrow, and will make it easier for the skilled immigrants our economy needs. Canada their house. Budget 2022 makes significant additional investments in affordable child care, reducing backlogs of surgeries and medical procedures in our public health care system, and promoting reconciliation with Indigenous peoples.

2. Investing in economic growth and innovation: The key for from Canada long-term prosperity is economic growth. Budget 2022 builds on historic Budget 2021 investments in early learning and child care, which could increase real GDP by up to 1.2% over the next two decades, and includes other essential investments to make from Canada stronger and more innovative economy. These investments include a new Canada Growth Fund that will attract tens of billions of dollars of private investment into Canadian industries and jobs, and a new innovation and investment agency that will help boost productivity and growth. in our economy. The 2022 budget also includes up to $3.8 billion to implement from Canada first strategy on critical minerals – a strategy that will create thousands of good jobs and capitalize on a growing need for minerals used in everything from phones to electric cars. The measures also include steps to build more resilient supply chains, to reduce taxes for from Canada the growth of small businesses and to stimulate the creation and ensure the protection of Canadian intellectual property.

3. Investing in a clean economy: Protecting our environment and fighting climate change is the right thing to do for the planet, and it’s also the right thing to do for our economy. In Budget 2022, the Government will help Canadians and Canadian businesses benefit from the global transition to a clean economy, including through new incentives for the development of clean technologies and carbon capture, use and storage . In addition to investing more to protect our lands, lakes and oceans, the government will also make it more affordable for Canadians to purchase zero-emission vehicles, build and expand a nationwide network of zero-emission vehicle charging stations, and new investments. into clean energy.

Canada entered the pandemic with the lowest net debt-to-GDP ratio of any G7 country, an advantage that has since grown relative to other countries. With the 2022 budget, Canada maintain this leadership position, while experiencing the second-fastest recovery in the G7 by the end of this year. The federal government having invested eight out of every ten dollars To support Canadians and the Canadian economy during the pandemic, Budget 2022 represents a fiscally responsible approach to economic growth and building an economy that works for everyone. Crucially, it maintains the government’s fiscal anchor – a declining debt-to-GDP ratio and the unwinding of COVID-19-related deficits, which will ensure that from Canada finances remain sustainable over the long term.

Estimate

“Today, climate-smart investments are good for Canadian workers, good for the Canadian economy and good for the planet. Budget 2022 will help Canada continue to lead global efforts to fight climate change, protect our nature, and build a clean economy that will create the well-paying, middle-class jobs of today and tomorrow. »
– The Honorable Sean Fraser, Minister of Immigration, Refugees and Citizenship

“Budget 2022 is about growing our economy, creating good jobs and building a Canada where no one is left behind. Our plan is responsible and thoughtful, and it will mean more homes and better-paying jobs for Canadians; cleaner air and cleaner water for our children; and a stronger, more resilient economy for years to come.”
– The Honorable Chrystia Freeland, Deputy Prime Minister and Minister of Finance

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SOURCE Immigration, Refugees and Citizenship Canada