Canadian Manufacturing

Canadian majority will boost economic recovery: CME

Parliament needs to develop long-term strategies for sustaining economic recovery and drive investments



OTTAWA—Canada’s first stable majority government in seven years will boost Canada’s economic recovery, according to Canadian Manufacturers & Exporters (CME).

“We look forward to working with all members of this new government on the biggest issue facing Canada today – ensuring continued economic growth,” said Jayson Myers, CME president and CEO.

Canada’s first order of business needs to be to develop long-term strategies for sustaining economic recovery and driving investment and job creation, he adds.

“We need our federal politicians to get back to the business of manufacturing Canada’s economic future and it begins with the Harper government re-introducing the federal budget it tabled in April,” he says.

“That must be followed by a long-term vision for a Canada that builds on our natural strengths – our resources; the skills of Canadians; our innovation potential – to grow our world class, value-added manufacturing and exporting industries.”

CME has issued an eight-point plan reflecting the priorities this Parliament must act on to ensure Canada’s economic recovery is sustained.

1. Lower taxes on businesses investing in new products, new technologies – and the skills of their employees.

2. Extend the two-year straight-line depreciation for investments in manufacturing and processing machinery and equipment.

3. Encourage innovation and the commercialization of new products and technologies.

4. Help businesses develop and take advantage of international opportunities.

5. Enhance the competitiveness of North America’s integrated supply chains.

6. Improve the quality and availability of skilled workers.

7. Strengthen Canada’s energy and logistics infrastructure.

8. Improve regulatory efficiency.

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