Friday, 5 June 2015

FCM: Joe Oliver, Minister of Finance Speech


Joe Oliver, Minister of Finance. June 5, 2015
  • Strong Canada begins with strong hometowns
  • Cities are driving Canada: economic, social, and respective policies and funding
  • Commuting is major problem in Canada
    • Ave Cdn spends 32 days per year commuting
  • $1bn per year for major transit projects by 2017
  • Funding grew for infrastructure grew from $600m in 2006 to $2bn
  • $33 bn BCF???? (this number changes so much)
  • P3 development not for smaller communities
  • 2013 Build Canada Plan, longest and largest in Canada: $88 bn (again I hear so many different versions of this)
    • Currently $53 bn
  • Increased municipal investment by 10x
  • Pledge to keep taxes down
  • Tax hikes undermine job creation
  • Using CPP to fund infrastructure puts at risk the plan: it won't meet future demands and not designed to invest in infrastructure
    • Political interference jeopardizes all Canadians pension
    • Needs operational independence-CPP is for Canadians not governments

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