Providence Group Summarizes Main Economic Activities of 2013 in Canada: A Year in Review.

Providence Group summarizes main economic activities of 2013 in Canada.

In 2013, Canada addressed priorities related to the creation of jobs and economic opportunities, keeping government spending low and reducing deficit, and protecting Canada’s national interests. Canada addressed the needs of the Canadian businesses by keeping taxes low. In 2013, the federal tax burden was at its lowest level in 50 years.

Ever since the recession of 2008, Canada has concentrated on creating jobs. As of 2009, Canada has created over one million new jobs, most of which are high-wage positions in the private sector. To support the overall growth of Canadian economy, the Federal government improved the Temporary Foreign Workers Program, and introduced the Canada Job Grant to connect businesses with people with the skills they need to fill available jobs. Government spending was kept in check and measures were taken to reduce deficits.

Canadians are among the most digitally connected people in the world, who face some of the highest wireless fees. Therefore, Canada addressed this problem by introducing specific measures to promote more competition in the telephone sector, lower prices and better service in Canada’s wireless and cable television markets.

In October 2013, Canada reached an historic trade agreement with the European Union that should create thousands of new jobs and give Canadian businesses preferential access to a half-billion affluent new customers in the EU.

Canada continued to invest in the infrastructure: bridges, highways, harbours and transit systems. Investments included or involved: small craft fishing harbours on the East Coast; the Lévis ferry area in Quebec; the public transit system in Toronto; completion of Winnipeg's Centreport Canada Way; the Inuvik-Tuktoyaktuk highway to the Arctic Coast. Construction of a new bridge over the St. Lawrence was also announced in 2013.

In the same year, Canada launched a program of modernization of its military forces. Military is expecting substantial renewal anywhere from a new fleet of Chinook F-model helicopters, to progress in the building of new ships for the Royal Canadian Navy and light armoured vehicles.

Due to these actions, Canada’s economy remains strong and is expected to achieve a budget surplus in 2015-16.

In 2014, Canada will build on the achievements of 2013 and continue to seize every opportunity to secure prosperity and security for Canadians. Therefore, it is more than worthwhile to do business with Canada and take necessary steps to enter the Canadian market.