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PM releases report on Economic Action Plan

90% of the Plan has been committed, stimulating the economy and creating jobs

28 September 2009

Saint John, New Brunswick

PM releases report on Economic Action Plan

Prime Minister Stephen Harper today presented the Government’s latest report on the implementation of Canada’s Economic Action Plan. The Third Report to Canadians entitled "Staying on Course" shows that 90 per cent of the stimulus funding for this fiscal year has now been committed to more than 7,500 infrastructure and housing projects. More than 4,000 of these projects have begun in the first six months of the 24-month plan.

"In just over 100 days, Canada’s Economic Action Plan is already protecting Canadians, stimulating our economy and creating jobs from coast to coast to coast," said the Prime Minister. "Ninety per cent of the funding for this fiscal year is now committed. Our Economic Action Plan is helping create or maintain an estimated 220,000 Canadian jobs by the end of 2010."

The Prime Minister highlighted the Government’s action to date in protecting Canadians during the global economic recession, including:

• Reducing the tax burden on Canadian families and businesses through significant permanent personal income tax relief and moving towards the most competitive overall tax rate on new business investment among industrialized countries
• Delivering targeted help to Canadians who are currently out of work, while providing skills training to help them prepare for the jobs of the future
• Creating jobs through investment in modern green infrastructure and affordable housing
• Laying the foundations for long-term economic growth through investments in infrastructure at colleges, universities, federal laboratories and research facilities; additional support for graduate students and internships; and support for research and development, including clean energy technologies
• Protecting jobs in industries and communities hit hardest by the recession
• Ensuring the continued stability of the Canadian financial system, which has been recognized as a world leader, and improving access to financing for Canadian families and businesses

"We have made great progress, but there is more to be done," said the Prime Minister. "Our Government remains focussed on helping Canadians and is committed to staying on course to ensure our economic recovery."

For more information about Canada’s Economic Action Plan, and projects happening in communities across Canada, please visit www.actionplan.gc.ca

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