Close X
Thursday, November 14, 2024
ADVT 
National

Justin Trudeau's Message At World Economic Forum: Canada Open For Business, Investment

The Canadian Press, 20 Jan, 2016 12:02 PM
    DAVOS, Switzerland — A new prime minister and a new Canada.
     
    That's the message Prime Minister Justin Trudeau delivered when he made his entrance at the annual meeting of the World Economic Forum as part of his goal to rebrand Canada on the world stage.
     
    Trudeau sought to use his keynote address today entitled "The Canadian Opportunity" —  delivered hours after a session called "Canada's global pivot" — to differentiate himself from former prime minister Stephen Harper, who often used the meeting to tout Canada as a resource powerhouse.
     
    Trudeau said Canada's natural resources remain an important part of the economy — even as a slide in oil prices delivers an economic punch to resource-rich provinces like Alberta.
     
    But he said the country's growth doesn't depend on what lies underground.
     
    "My predecessor wanted you to know Canada for its resources. I want you to know Canadians for our resourcefulness," he said.
     
    Trudeau pointed to the success of University of Waterloo graduates in Silicon Valley and the school's eclectic student population, calling diversity "the engine of invention."
     
    And he framed Canada as a safe place to invest amid global economic uncertainty.
     
     
    "We have a diverse and creative population, outstanding education and healthcare systems, and advanced infrastructure. We have social stability, financial stability and a government willing to invest in the future," he said.
     
    The Canadian economy could use the global help.
     
    When he took office, Trudeau's advisers told him that global trends — social and economic — would affect the domestic economy despite Canada's solid policy foundation and a well-educated population. His briefing binder says those international trends "could be occurring at a faster pace and on a larger scale compared to previous eras."
     
    Those trends included more disruptive technologies, the declining financial influence of the West, aging populations in Canada and other countries that will put pressure on health care and government spending.
     
    Even the rise of the "sharing economy" has placed "increasing pressure on traditional policy tools like regulations," the briefing notes warn.
     
    Copies of the documents were obtained by The Canadian Press under the Access to Information Act.
     
     
    That disruption is part of the theme of this year's meeting in Davos: "Mastering the Fourth Industrial Revolution," which is focused on how technology is changing the way companies and businesses operate.
     
    Trudeau told the forum that governments needed to spend, rather than pursue austerity measures.
     
    "The fourth industrial revolution will not be successful unless it creates real opportunity for the billions who weren't able to join us here this week," Trudeau said in his speech that included references to the middle class.
     
    "In Canada, we get this."
     
    Trudeau is a political celebrity at the meeting and his officials want to take advantage of the doors that open by getting him as much face time as possible with international power brokers.
     
    Royal Dutch Shell CEO Ben van Beurden met with Trudeau in a meeting room on the lower level of the Davos hotel where Trudeau is staying. He said Davos was a place to meet with a lot of people in a short period of time.
     
    Sitting across the table, Trudeau said he was attending a heap of meetings himself to "try and connect with as many different people as possible and talk about some of the challenges, but also some of the great opportunities in Canada."
     
     
    Later Wednesday, Trudeau will meet with Microsoft CEO Satya Nadella, Facebook COO Sheryl Sandberg, and billionaire George Soros, whose interests include combating climate change.
     
    Five of Trudeau's cabinet ministers will also be able to rub shoulders with some of the most influential and powerful political and business leaders in the world.

    MORE National ARTICLES

    Climate Change Affecting Vital Winter Roads For First Nations: Leaders

    Climate Change Affecting Vital Winter Roads For First Nations: Leaders
    Isadore Day, the Ontario regional chief for the Assembly of First Nations, said the reliability of the northern winter road network is in jeopardy in his province.

    Climate Change Affecting Vital Winter Roads For First Nations: Leaders

    Australian Tourist Dies In Whistler After Snowmobile Hits Tree

    Australian Tourist Dies In Whistler After Snowmobile Hits Tree
    Canadian Wilderness Adventures has issued a statement saying the 65-year-old man was going down Blackcomb Mountain on a tour when he hit a tree around 11 p.m. Friday.

    Australian Tourist Dies In Whistler After Snowmobile Hits Tree

    PVC Pipes To Digging, Heroin Smuggling Continues Across India-Pakistan Border

    PVC Pipes To Digging, Heroin Smuggling Continues Across India-Pakistan Border
    Using PVC pipes, digging through the earth or just throwing consignments over the barbed wire fence are some of the methods used by smugglers from Pakistan to push heroin consignments into India.

    PVC Pipes To Digging, Heroin Smuggling Continues Across India-Pakistan Border

    Girl Drops Into Net After Dangling By Helmet From Ski Hill's Chair Lift

    Girl Drops Into Net After Dangling By Helmet From Ski Hill's Chair Lift
    A mishap on a chair lift at a Saskatchewan ski hill left a seven-year-old dangling from the restraining bar by her helmet.

    Girl Drops Into Net After Dangling By Helmet From Ski Hill's Chair Lift

    Saad Gaya, Member Of The So-called 'Toronto 18,' Granted Day Parole

    Saad Gaya, Member Of The So-called 'Toronto 18,' Granted Day Parole
    Saad Gaya, now 28, is serving time after pleading guilty to participating in a plot to bomb three Toronto targets, including the Toronto Stock Exchange, in protest of Canada's military involvement in Afghanistan.

    Saad Gaya, Member Of The So-called 'Toronto 18,' Granted Day Parole

    Two-Year Twins: Babies Born To San Diego Couple Minutes Apart, But In 2015 And 2016

    Two-Year Twins: Babies Born To San Diego Couple Minutes Apart, But In 2015 And 2016
    Jaelyn Valenica was born New Year's Eve at 11:59 p.m. Her twin brother, Luis Valencia Jr., arrived at 12:01 a.m. on New Year's Day.

    Two-Year Twins: Babies Born To San Diego Couple Minutes Apart, But In 2015 And 2016