Johnson & Johnson Family of Companies Reacts to Fall Economic Statement

TORONTO, Nov. 2, 2016 /CNW/ - The Johnson & Johnson Family of Companies in Canada (J&J), with five businesses in Canada, applauds the Federal Government's recognition that Canada needs a sharpened focus and innovative ways to attract investment to Canada.

J&J supports the creation of the Invest in Canada Hub announced by Finance Minister Bill Morneau in yesterday's Fall Economic Statement. Enhancing coordination between departments and programs vying for global investment and providing leadership under a single federal body with the mandate to focus on attracting investment in strategic markets will help make Canada a more competitive destination for foreign direct investment.

"By creating the Invest in Canada Hub, Canada has an opportunity to amplify the story that we tell the world: Canada is a great place to do business," said Chris Halyk, Chair, J&J Presidents' Council in Canada. "It is our hope that a focus for the new Hub is expanding investment in Canada's leading life sciences sector, as well as attracting and retaining companies in Canada. This will create good, well-paying jobs and spur innovation that improves health for the world."

The Invest in Canada Hub is a good first step to increasing foreign investment in Canada. J&J urges the federal government to establish the life sciences sector as a strategic market for the Hub's work and to work in partnership with other levels of government to provide the coordination and support needed to expand Canada's leadership in this innovative sector.

J&J looks forward to the creation of the Invest in Canada Hub by the end of 2017.

About the Johnson & Johnson Family of Companies in Canada

The Johnson & Johnson Family of Companies in Canada (J&J) consists of five businesses employing more than 2,500 employees across Canada. J&J is a leader in Canada's health care sector, researching, developing and manufacturing consumer health and personal care products, breakthrough pharmaceutical medicines, and medical devices.

Our vision is to enrich the health and wellness of every Canadian every day. J&J is committed to leading our industry's support of sound public policies which enable increased competitiveness, advance innovation to improve the health of Canadians and make life-changing and sustainable differences in human health.

 

SOURCE Johnson & Johnson Family of Companies in Canada

Image with caption: "Logo: Johnson & Johnson Family of Companies in Canada (CNW Group/Johnson & Johnson Family of Companies in Canada)". Image available at: http://photos.newswire.ca/images/download/20161102_C4193_PHOTO_EN_810536.jpg

For further information: Shannon MacDonald, Vice President, Communications & Public Affairs, Johnson & Johnson Inc., 647-339-6917, Smacdo15@its.jnj.com

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Johnson & Johnson Family of Companies in Canada

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