Canada Hosts Upcoming G-8 and G-20 Economic Summits…

April 01, 2010

This summer Canada will host the G-8 and G-20 Summits in Muskoka and Toronto respectively under the theme of ‘Recovery and New Beginnings’. Canada was the natural choice to be this year’s host because of our strong performance during the recent worldwide economic downturn. Canada is now an economic leader among the world’s industrialized countries.

Our strong position began with the Federal budget of 2007-08 which cut taxes and paid down the debt by $40 billion prior to the recession hitting. When the global recession hit Canada was in a solid economic position to respond to the world economic crisis and implement Canada’s Economic Action Plan. A plan that has created 160,000 jobs since July 2009, provided over $200 billion in tax relief to Canadians and has just invested another $19 billion in new stimulus funding including nearly 16,000 infrastructure projects.

Many of the infrastructure projects that have received funding are right here in Calgary, including; the twinning of the Trans-Canada Highway through Banff, the Calgary Ring Road, Calgary Transit expansion, Mount Royal University, Bow Valley College, and the addition of the $9 million ‘In-Situ Energy Research Centre’ at the University of Calgary. My next householder will provide details on the Federal Budget as well as highlight some local programs. To find out more about what your Government’s doing for Calgary please go to www.leerichardson.ca.