Mr. Speaker, I am once again pleased to inform my friend from Montmagny—L'Islet—Kamouraska—Rivière-du-Loup of the extensive support that our government is delivering for the manufacturing and forestry sectors, especially through the community development trust.
With the community development trust, our government intends to make a concrete difference for communities and workers who are adjusting to a shifting global economic landscape.
While Canada's economy is very strong overall, we know that global economic volatility has put pressure on particular communities and workers, especially those communities that rely on a single sector or company that is being challenged. That is why we will be investing $1 billion in the community development trust to support provincial and territorial initiatives that help these communities and workers weather the economic storms facing them.
This initiative has been widely praised by key organizations and provincial leaders. For instance, Shawn Graham, the Liberal premier of New Brunswick, remarked that his government was “pleased that the Prime Minister and his government have made this commitment”. The Federation of Canadian Municipalities declared that it “applauds the federal government's decision to help Canadian communities hit by economic upheaval”. The fund “is more than welcome”.
Indeed, communities told us that they need to receive this assistance in a timely fashion. That is why we introduced Bill C-41 to rapidly implement the trust. That is why that legislation received unanimous all-party support in this House, including support from the Bloc.
As Bill C-41 has now received royal assent, we are currently working as quickly as possible with each province and territory to identify priority areas for action and to seek their public commitment to support communities consistent with the objectives of the trust.
This trust builds on the significant actions we have already taken to strengthen the economy and improve the business environment, enabling businesses in all sectors to become more competitive and invest for the future.
We have brought in significant tax reductions and are on our way toward the lowest business tax regime in the major industrialized economies.
We have invested in skills development and education so that Canada can have the best educated, most skilled and most flexible workforce in the world.
We have provided unprecedented funding for infrastructure, totalling $33 billion over seven years, to ensure that we have the critical and up to date infrastructure that drives a modern economy.
We have acted to reduce the burden of government so that these businesses can focus on what they do best: investing, producing value and creating jobs for Canadians.
Our government is committed to providing the conditions for economic success, and the community development trust demonstrates that.