No surprises budget good news for Canada's employers

OTTAWA, June 6, 2011 /CNW/ - The measures announced in today's federal budget will continue to support the economic recovery by helping Canadian businesses prosper, compete and create jobs.

"We are pleased that this budget reflects the one tabled in March," said Canadian Chamber of Commerce President and CEO Perrin Beatty. "The government has endorsed our call for a plan to return to budget balance in the medium term by committing to eliminate the deficit by 2014-15 without raising taxes on businesses and families," Beatty added. "This will secure the fiscal flexibility that is crucial to our long-term competitiveness and it is encouraging that the government continues to focus on strengthening the economy and creating jobs. That is what businesses and Canadians need now."

While Canada's economic performance has been better than that of other countries, the global outlook remains uncertain and a number of economic risks that could impede the recovery still persist. We cannot be complacent and risk economic peril if we do not address our lagging productivity.  This fragile situation clearly points to the need for responsible fiscal management.

The Canadian Chamber of Commerce has been calling on the government to bolster Canada's competitiveness and ensure that our country remains a leader among G7 countries. The biggest challenge for the federal government now is to restrain its own program spending.

"We asked the government to focus on the transition from government stimulus to a private sector-led recovery, a credible plan to eliminate the federal deficit, and a commitment to a tax and regulatory environment that will attract investment and create jobs.  Today's budget demonstrates the government has taken the call of Canada's businesses - its job creators - seriously.  " Beatty said.

The Canadian Chamber of Commerce is the vital connection between business and the federal government. It helps shape public policy and decision-making to the benefit of businesses, communities and families across Canada with a network of over 420 chambers of commerce and boards of trade, representing 192,000 businesses of all sizes in all sectors of the economy and in all regions. News and information are available at www.chamber.ca  or follow us on Twitter @CdnChamberofCom.


SOURCE Canadian Chamber of Commerce, The

For further information:

Émilie S. Potvin
Director, Public Affairs & Media Relations
Office: 613.238.4000 (231)
Cell.: 613.797.1860
epotvin@chamber.ca

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Canadian Chamber of Commerce, The

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