Did you know...? - Edition 99

November 10, 2011

Did You Know That… Bank of Canada Governor Mark Carney has been named Chairman of the Financial Stability Board, an international agency dedicated to building a more resilient and efficient global financial system.  We congratulate Bank of Canada Governor Mark Carney on his appointment as chairman of the Financial Stability Board.  The Board was established in 2009 to strengthen financial systems and to promote the stability of international financial markets. It is the first time a Canadian has headed an international financial institution of such wide scope.  His appointment is both a tribute to his personal qualities and a reflection on Canada’s superior performance in monetary, fiscal and financial sector policy areas. For more information: http://www.bankofcanada.ca/2011/11/press-releases/bank-of-canada-governor-mark-carney/

Did You Know That… The Honourable Jim Flaherty, Minister of Finance, announced in the Economic and Fiscal Update that the Government is taking targeted action to support jobs and economic growth.  Canadians gave your Government a strong mandate to stay focused on what matters – creating jobs and economic growth.   That is why the Government is continuing to take action to support jobs and growth in the Economic and Fiscal Update.   As part of the Economic and Fiscal Update, we are: reducing the increase in next year’s EI premiums from 10 cents to five cents per $100 of insurable earnings; and continuing to protect Canadian jobs by extending work-sharing for up to 16 weeks.  The Economic and Fiscal Update also highlighted other measures we are taking to create jobs and growth across Canada, including: rebuilding the fleets of the Royal Canadian Navy and the Canadian Coast Guard; investing additional funds to modernize and expand capacity at priority border facilities; and investing in maintaining and improving federal infrastructure.  We are on track to eliminate the deficit in the medium term. However, we are not immune to the turmoil in the global economy. We will continue to be pragmatic and flexible given the ongoing financial crisis in Europe and the uncertainty in the United States.  The Economic and Fiscal Update demonstrates, once again, that your Government’s top priority is the economy and our low-tax plan to create jobs and growth.  For more information: http://www.fin.gc.ca/n11/11-114-eng.asp