June 25, 2021 – Ottawa, Ontario – Department of Finance Canada
As many of the world’s economies recover and rebuild from the COVID-19 pandemic, it is more important than ever for Canadian businesses to play an active role to thrive and support a sustainable recovery and inclusive future.
Yesterday, the Honourable Mona Fortier, Minister of Middle Class Prosperity and Associate Minister of Finance, participated in the virtual Asia-Pacific Economic Cooperation (APEC) Informal Finance Ministers’ Meeting with the APEC Business Advisory Council (ABAC). This informal ministerial meeting was the first of its kind to be held in the APEC Finance Ministers’ Process (FMP). This is a forum held within APEC to allow members to exchange on broad economic issues and jointly address economic challenges facing the region. Canada’s private sector was also represented at the meeting through the participation of Ms. Janet De Silva, President and CEO of the Toronto Region Board of Trade and one of Canada’s ABAC representatives.
During the meeting, Minister Fortier highlighted Canada’s unprecedented efforts throughout the pandemic to protect Canadians’ health, support businesses, and lay the foundations for a greener and more inclusive recovery. Since the beginning of the pandemic, the Government of Canada has announced over $500 billion in supports to Canadian workers and businesses.
Minister Fortier highlighted Canada’s Quality of Life Framework, which was introduced as part of Budget 2021, to share with partner economies how the government is moving beyond GDP as a measurement of success and is putting Canadians’ quality of life at the centre of its policy and investment decisions. Minister Fortier also underscored how the recovery must support groups that have been disproportionately affected, including women, seniors, low-wage workers, young people, people of colour and Indigenous Peoples.