TORONTO, ONTARIO--(Marketwire - Oct. 2, 2012) - The Honourable Joe Oliver, Canada's Minister of Natural Resources, today delivered a keynote address at the International Economic Forum of the Americas: Toronto Global Forum, where he highlighted Canada's priority of supporting jobs, economic growth and Canada's long-term prosperity through Responsible Resource Development and creating new markets for natural resources.
"Our Government is focused on what matters to Canadians - jobs, growth and long-term prosperity. I am pleased to share that Canadian jobs have increased since I last addressed this group one year ago," said Minister Oliver. "We are aggressively pursuing opportunities to expand markets for our natural resources to increase trade and create Canadian jobs."
The Harper Government has created an investment climate that is instilling investor confidence for doing business in Canada. Just last month, Canada's financial system was ranked first by the World Economic Forum for the fifth straight year. While Canada is not immune to the fragile global economy, this is another sign that our Government's plan to create jobs and economic growth for Canadians is on the right track.
"Getting governance right is critical. Before investors make financial commitments, they want to have certainty and predictability - especially when it comes to massive energy and mining projects," said Minister Oliver. "By reducing uncertainty, we have created an environment for sound investment decisions and a regulatory model that can be shared with the world."
The natural resource sectors directly and indirectly employ 1.6 million Canadians - about 10 percent of all the jobs in Canada - and the potential for continued growth remains strong. There are currently over 600 major Canadian resource projects planned over the next 10 years, or already underway, representing approximately $650 billion in investments.
"The proposed infrastructure will result in hundreds of thousands of jobs, trillions of dollars of economic activity and billions in revenue that will support critical social programs like health care, housing and education," said Minister Oliver.
Minister Oliver added that the Harper Government's plan for Responsible Resource Development is creating a strong regulatory system that responds to the concerns of industry and will promote more timely development of our natural resources while strengthening our environmental standards.
As part of Economic Action Plan 2012, our Government passed legislation to modernize Canada's federal regulatory regime to attract investment, create jobs, build long-term prosperity and encourage national competitiveness while strengthening its world-class environmental standards.
Our measures send a clear signal to the world that Canada is open for business and further strengthens our position as a reliable global partner of choice for natural resources, trade and investment.
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