The International Monetary Fund (IMF) has forecast Canada will have the strongest overall economic growth among Group of Seven (G-7) countries over the next two years.

• Our Conservative Government is focused on what matters to Canadians – creating jobs and promoting economic growth.

• The IMF’s forecasting Canada’s overall economic growth will lead the G-7 over the next two years – another example of our global economic leadership, which includes:
  • the strongest job growth record in the G–7, with nearly 600,000 net new jobs created since July 2009;
  • the World Economic Forum ranking Canada’s financial system the soundest in the world for the fourth consecutive year; and
  • Moody’s renewing Canada’s AAA credit rating due to our “economic resiliency, very high government financial strength, and a low susceptibility to event risk”

• The IMF also praised Canada for our “relatively healthy economic fundamentals” and our “sounder fiscal and financial position.”

• While these are encouraging signs, Canada is not immune from the economic turbulence facing the global economy – especially Europe and the United States.

• That’s why we need to stay the course and implement the Next Phase of Canada’s Economic Action Plan – and its job-creating measures like the Hiring Credit for Small Business.