Government of Canada Sets Budget 2019 Datein Canadian Government News and Updates
In the announcement, Minister Morneau mentioned that the Government plans to build on the Government’s previous plan – to invest in people and communities to help the Canadian economy grow for the long term, in a balanced and fiscally responsible way.
Here are some of the highlights of the past year that Minister Morneau mentioned:
- Wage growth for 2018 is on pace to rise at its fastest rate in 8 years.
- Canada is expected to remain among the fastest-growing economies in the G7 in 2019 & 2020
- Over 850,000 more Canadians are employed today than in 2015
- Unemployment rate is near 40-year lows
This announcement follows a record participation in the pre-budget consultations. According to Minister Morneau, more than 1.8 million people were reached during the consultation period and nearly 14,000 submissions and ideas were received.