Mr. Speaker, Bloomberg has just released its ranking of the best countries in the world for doing business, and it is big news for Canadians. Our country jumped from sixth place to second. Canada is now challenging Hong Kong for the top spot.
Canada's total business tax costs are the lowest in the G7. In fact, they are more than 40% lower than in the U.S. Why is this big news for Canadians? It is because businesses are a country's job and wealth creators. The more we leave in the hands of entrepreneurs, investors, business people and workers, the more they can create economic growth and jobs that benefit all citizens.
The economic action plan introduced by our first-class Minister of Finance is opening the way to tremendous opportunity for Canadians. It is a blueprint for our long-term prosperity and for maintaining our enviable quality of life.
The world recognizes our success.