Mr. Speaker, the country's economy is a priority for the government. Canada has emerged from the global recession in good shape, but we are still affected by the uncertainties of the world economy. Our recovery remains fragile. Canadians continue to worry about their jobs and the economic future. Let me put into context what these global realities mean for the mining sector and what they mean for the many thousands of Canadian families who depend on mining for their livelihood and income.
The evidence indicates that we ought to see the glass as half full, not half empty. To date, the average prices of most minerals and metals are higher than in 2010. For example, gold increased 23% in 2011, outperforming all other assets including equities, bonds, cash and housing. Looking ahead, the prices of most minerals and metals are expected to remain well above historical levels, in part due to strong demand in China and other emerging economies.
Our government has every intention of continuing to work closely with Canada's mining sector to enhance its competitiveness and environmental responsibility, and to support mining communities. Natural Resources Canada helps these vital business players in the domestic economy with ongoing research and development. The government is also extremely active internationally in its relationship with other countries in an effort to search for new and expanded global markets.
With regard to the subject of today's debate, for over 30 years the Government of Canada has promoted the safe and controlled use of chrysotile. The Government of Canada will not ban a naturally occurring substance. That would put a chill on the entire natural resource industry which is so key to our economic future.
Chrysotile extraction, as with all resource development, is the responsibility of the provinces. This motion is an intrusion on provincial jurisdiction to ban the use of a substance that is traded around the world legally.
Instead, the Government of Canada created the Chrysotile Institute to promote its safe use. Over the years, the Chrysotile Institute has assisted in the transfer of knowledge and technology to more than 60 foreign countries.
Like other minerals and metals, chrysotile is a naturally occurring substance and supports a viable mining industry in Quebec. Everyone involved in this industry recognizes that the substance can be hazardous, which is why it is strictly managed under controlled conditions through the enforcement of appropriate safety regulations. That safety message has been strongly communicated around the world.
Like other metals and minerals used in industrial applications, chrysotile-based products are used in much needed consumer products.
The exploration and mineral investment climate in Canada is on a positive trend and attracts significant foreign and Canadian investment. As a result of the increasing global demand for minerals and metals driven by emerging economies such as China and India, this trend is expected to continue.
Creating and maintaining an attractive investment environment is essential if we are to continue to take advantage of growing global demand. Having the lowest corporate tax rate in the G7 makes Canada an extremely attractive place to do business.
Our government has worked long and hard on measures to make this positive climate a reality. It is no accident that Canada's mining sector has flourished in this climate. It is also no accident that earlier this month Forbes magazine said that Canada is the best place in the world to do business. That is good news for the economy and good news for all Canadians.