Canada’s economic and social fundamentals are growing stronger and validate our strategy of investing to grow the economy, while ensuring debt-to-GDP ratios continue to decline.
- As of this spring we’ve restored clean drinking water to 62 First Nations communities across the country, and will lift another 81 long-term drinking water advisories by March 2021. View our progress here.
- Historic investments in infrastructure are beginning to be evident, with funding for new buses, Skytrain cars, vehicle charging stations, and innovative affordable housing appearing throughout Vancouver.
- Canada is experiencing the lowest unemployment in four decades – 5.8%. The pace of 2017’s job growth, in mostly full-time positions, was the fastest in fifteen years; 600,000 jobs were added since the federal election. Our economic growth is holding steady at 3% and workers are benefiting, with 2.8% annual growth in average weekly earnings.
- Canada is rapidly expanding its trade options beyond the USA with our government being a signatory to progressive trade deals: CETA with Europe, and CPTPP with the Asia Pacific region.
- This June our Prime Minister hosted the G-7 in Charlevoix, resulting in a $3.8 billion G-6 funding commitment to support women and girls education in developing countries.
- Budget 2018 allocated $4 billion over five years to research, the single largest investment in fundamental research in Canadian history, and great news for students and researchers at UBC! Meanwhile, the $1 billion Innovation Superclusters Initiative is expected to generate 50,000 well-paying jobs over the next 10 years, including 13,500 in British Columbia.