[“It is also a pleasure to be back at the World Economic Forum, a place where a great many people who want to make a difference regularly come to meet.
“And I am delighted to see that you have also chosen to be in India, a place where globally important decisions are increasingly being made.
“On the former, on the strongest, Canadian banks remain the soundest in the world.
“The World Economic Forum is one of several organizations that says so.
“Canada’s net debt-to-GDP ratio remains the lowest in the G-7, and the lowest by far.
“Thus Canada’s top credit rating has been reaffirmed by all of the major rating agencies.
“Among G-7 countries, Canada now has the lowest overall tax rate on new business investment.
“Canada also possesses a diverse yet harmonious society, with public institutions and a public service noted for professionalism and integrity.
“All of these assets, as Borge mentioned, and others have helped Canada better weather and better recover from the global recession.
“Indeed, despite the uncertainty of the times, the Canadian economy has now added more than eight hundred thousand net new jobs since July 2009.
“Still, we remain acutely aware of the difficult global trends, especially for many developed countries.
“As I said to the World Economic Forum in January, many countries with which Canada is traditionally aligned continue to be weighed down by debts they cannot seem to control, by entitlements they can no longer afford and by growth which threatens to remain sluggish for the foreseeable future.
“As I said in January, it is high time we realize that:
“The wealth of western economies is no more inevitable than the poverty of emerging ones.”
“As these last four years have revealed, the wealth we enjoy today in the West is not inevitable.
“Our standard of living will be based on – and will be based only on – strong, growth-orientated policies and on getting the hard choices right.
“That is why, over the past year, the Government of Canada has committed itself to a series of determined actions, we want to help ensure that growth, job creation and economic prosperity will be there for Canadians over the long term.]
This information was provided by the Prime Minister’s office (Official News Feed, November 7, 2012)
- Stephen Harper urges India to embrace free trade with Canada (canada.com)
- Stephen Harper kicks off India visit with stop at Taj Mahal (thestar.com)
- Harper tries hard and soft sell for India trade (macleans.ca)
JOHN BRIAN SHANNON
To follow John Brian Shannon on social media – place a check-mark beside your choice of Facebook, Twitter or LinkedIn: FullyFollowMe/johnbrianshannon