The theme of today’s event, “Tuwid na Daan Towards Peace, Unity and Prosperity”, is very much aligned to the thrust of government which is centered on good governance – a governance environment marked by transparency, accountability and enhanced citizens’ participation to attain sustainable and inclusive growth. The BSP also shares this vision.
Their contribution to Canadian GDP in the first quarter should be greater than what we had forecast in the April MPR. This is encouraging. That said, we know that our exporters are facing increased foreign competition. As we noted in April, the market share of Canadian non-energy goods in the United States has shrunk by almost half since the early 2000s.