Budget 2021 enables businesses to start again with all necessary vigour- Garneau
Honorable Marc Garneau, Minister of Foreign Affairs, on Friday met virtually with executives and employees of AV&R, a robotics firm in Saint-Bruno-de-Montarville, Quebec, to discuss investments from Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience.
The COVID-19 recession is the steepest and fastest economic contraction since the Great Depression. It has disproportionately affected low-wage workers, young people, women, and racialized Canadians.
Budget 2021 is a historic investment to address the specific wounds of the COVID-19 recession, put people first, create jobs, grow the middle class, set businesses on a track for long-term growth, and ensure that Canada’s future will be healthier, more equitable, greener, and more prosperous.
Minister Garneau presented the new measures in Budget 2021, which will enable businesses to start again with all the necessary vigour after the crisis, read a statement from Global Affairs Canada.
The Government of Canada’s top priority remains protecting Canadians’ health and safety, particularly during this third, aggressive wave of the virus and its variants. Vaccine rollout is underway across Canada, with federal government support in every province and territory. Budget 2021 invests in Canada’s bio-manufacturing and life sciences sector to rebuild domestic vaccine manufacturing capacity and has a plan to put in place national standards for long-term care and mental health services.
Budget 2021 is a plan to bridge Canadians and Canadian businesses through the crisis and towards a robust recovery. It proposes to extend business and income support measures through to the fall and to make investments to create jobs and help businesses across the economy come roaring back. It will support almost 500,000 new training and work opportunities including 215,000 opportunities for youth; support businesses in our most affected sectors such as tourism and arts and culture; and accelerate investment and digital transformation at small and medium-sized businesses. Budget 2021 is a plan that puts Canada on track to meet its commitment to create 1 million jobs by the end of the year.
Canada entered the pandemic in a strong fiscal position. This allowed the government to take quick and decisive action, supporting people and businesses and put it in the position to make historic investments in the recovery.
“Small businesses will be of critical importance in the economic recovery following the COVID-19 pandemic. Today, I am very happy to be virtually at AV&R, a thriving small company based in Saint-Bruno-de-Montarville, to hear directly from entrepreneurs how the support provided by our government allowed them to stay the course during the crisis. Health and how the new measures announced in our most recent budget will allow them to start afresh after the latter,” the minister said.