Canada Ends 2013 Among the Top Growing Economies of the G-7

December 31, 2013

The Honourable Jim Flaherty, Minister of Finance, today reminded Canadians and investors of Canada’s fiscal and economic success story on the eve of 2014, and said he expects this track record to continue to promote trade and attract investment even amidst a volatile global economy.

"In 2013, Canada’s financial services sector ranked the best in the world for the sixth year in a row," said Minister Flaherty. "With the lowest overall tax rate on new business investment in the Group of Seven (G-7), it is no surprise that real business investment in Canada is now well above its pre-recession peak, while no other G-7 country has even recovered to pre-recession levels."..

Both the International Monetary Fund and the Organisation for Economic Co-operation and Development expect Canada to be among the strongest growing economies in the G-7 in 2014...

This has been excerpted from the 31 December 2013 news release by Finance Canada, and is available in its entirety at: http://news.gc.ca/web/article-en.do?mthd=tp&crtr.page=1&nid=806649&crtr.tp1D=1.

Topic(s)

International Trade and Border Management

Information source

Global Affairs Canada (GAC)

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