Province on Solid Economic Footing
Discussions during the Premiers International Economic Forum show Nova Scotia is on the right track to secure the province's economic future.
Premier Darrell Dexter led the two-day forum, which wrapped up today, Nov. 23, in Halifax.
During the forum, the premiers heard from international experts and discussed ways to keep Canada's economy strong in the face of global economic uncertainty.
"These meetings confirmed Nova Scotia's belief that we can't sit around and wait for the economy to recover; we are taking action now to create jobs and economic development opportunities across the province," said Premier Dexter. "Our jobs plan is attracting world-class companies that are choosing Nova Scotia to grow their workforce, and we are supporting small business by cutting the ir corporate tax rate.
"These initiatives are putting our province on a solid economic foundation and giving our young people a future here at home."
Bank of Canada Governor Mark Carney provided the premiers with the bank's outlook for the global and Canadian economies. The premiers also heard from economist Tyler Cowan about the economic outlook in the United States, Canada's largest trading partner.
During the meeting the premiers agreed on key factors to ensure continued job growth and future economic prosperity, including enhancing skills development, meeting immigration needs, maintaining a responsible approach to managing public finances, fostering entrepreneurship and collaborating across governments to secure strategic trade agreements.
The premiers also re-affirmed their belief that strong provincial-territorial engagement in decisions that impact the economy are important than ever.
"While we are on the right track, it's critical we keep momentum moving," said Premier Dexter. "I look forward to working with my colleagues from all levels of government to ensure Nova Scotia and all of Canada emerges stronger than ever from current economic challenges."
Premier Dexter noted projects and proposals where inter-provincial co-operation helps drive sustainable economic development are key.
"From the Lower Churchill project, to the proposal for a new east-west pipeline, provinces and territories are working together to grow the nation's economy."