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Message: Morneau, regional finance ministers meet in bid to boost economy

No real specifics but promising....

http://www.thestar.com/news/canada/2015/12/20/morneau-regional-finance-ministers-meet-in-bid-to-boost-economy.html

Morneau, regional finance ministers meet in bid to boost economy

By: Andy Blatchford The Canadian Press, Published on Sun Dec 20 2015

OTTAWA—Provincial and territorial finance ministers gathered with their new federal counterpart in Ottawa on Sunday night to begin confronting the hard economic truths facing Canada.

Several ministers hope to leave the meetings, which wrap up Monday, with a better understanding of the government’s election promises, which touch on a broad range of issues likely to affect the provinces.

For some, their priorities for the meetings revolved around the federal Liberal commitments to work with the federation on public-pension reform, infrastructure spending as a way to generate economic growth and a new federal-provincial health-care accord.

As he arrived for Sunday’s dinner gathering, federal Finance Minister Bill Morneau said he hoped boosting the economy would be the main theme of the talks.

“My goal working with the provinces is to have a discussion about how we can grow the overall size of the pie for Canadians,” Morneau told reporters.

“We know that Canada isn’t doing well in all parts of the country, in particular.”

The economy has struggled to rebound from the negative effects of low commodity prices, especially in resource-producing provinces like Alberta.

The federal government has also pledged to provide billions of dollars worth of funding for the provinces, territories and municipalities for infrastructure projects such as public transit. The party argues that such investments are crucial to firing up Canada’s weakened economy and to creating jobs.

Leitao, a former bank economist, said he believes infrastructure spending is the fastest way to increase economic growth.

“It just so happens that we also need to increase substantially what we spend on infrastructure,” he said.

“The federal government does have the fiscal capacity to stimulate the economy.”

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