A Plan to Grow Our Economy and Make Life More Affordable, the government of Canada makes targeted and responsible investments to create good jobs, grow our economy, and build a Canada where nobody gets left behind.
Today, Minister of Employment, Workforce Development and Disability Inclusion Carla Qualtrough, met with Nano One Materials Corp. in Burnaby, British Columbia to highlight Canada's investments in the green transition - particularly zero-emission vehicles and their supporting technology and infrastructure.
Budget 2022 invests in Canada's future and the clean economy that will drive it. To help Canadians and Canadian businesses benefit from the global transition to a clean economy, Budget 2022 includes new incentives for the development of clean technologies and carbon capture, utilization, and storage.
In addition to further investments to protect our land, lakes, and oceans, the government will also make it more affordable for Canadians to purchase zero-emission vehicles, build and expand a national network of zero-emission vehicle charging stations, and make new investments in clean energy. With on-road transportation accounting for 20 per cent of Canada's greenhouse gas emissions, these investments are a critical part of Canada's path to net-zero.
Canada entered the pandemic with the lowest net debt-to-GDP ratio of all G7 countries-an advantage that has since increased relative to other countries. Canada has seen the best jobs recovery in the G7, and as of March 2022, has recovered 115 per cent of the jobs lost at the height of the pandemic, with an unemployment rate that sits at just 5.3 per cent-the lowest rate on record since 1976.
With Budget 2022, Canada will maintain this leading position, and maintain its fiscally responsible approach to economic growth and to building an economy that works for everyone. Crucially, it upholds the government's fiscal anchor-a declining debt-to-GDP ratio and the unwinding of COVID-19-related deficits, which will ensure that Canada's finances remain sustainable in the long-term.
