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Quebec leads Canadian economic rebound: Charest By Mike De Souza, Canwest News ServiceAugust 14, 2009 CHELSEA, Que. —Quebec Premier Jean Charest, said Friday the Quebec economy is in better shape than the rest of the country because its infrastructure spending is flowing while deficits are lower than other jurisdictions. The Quebec economy is in better shape than the rest of the country because its infrastructure spending is flowing while deficits are lower than other jurisdictions, including the federal government, Premier Jean Charest said here Friday. Charest made the comments standing next to Prime Minister Stephen Harper as they announced a new phase in a construction project extending a highway leading north from Ottawa through the Outaouais region in Quebec. "It is true that Canada's economy has done better than the vast majority of countries in the world and within Canada, Quebec's economy has done better than the average economies in Canada," said Charest. "The size of our deficit is smaller than the size of the federal government's deficit or the deficit in Ontario." Federal opposition parties have criticized the Harper government's infrastructure stimulus plan, arguing that money is not flowing out the door fast enough for projects to begin construction. Charest said that billions of dollars are already flowing into the Quebec economy from infrastructure and energy investments totalling more than $40 billion over the next five years. "We had growth in 2008 and yes we'll have a slowdown, and yes we've lost jobs but overall, Quebec's economy has done better," said Charest. "Why? because we invested in infrastructure and energy and because we have a long-term vision." He noted that even the Obama administration's $800-billion stimulus plan has not yet had an impact. "Not a lot of money in the United States has yet reached the point where the investment is happening," said Charest. "In fact, very little of that money has gone out the door." Harper said that there is still work to be done to ensure that Canada breaks out of the recession rapidly and moves into a strong position. "Canada has not gotten out of this global recession," said Harper. "We must continue our efforts and persevere. Now is not the time for political instability. It is the time to continue to focus on our economy." © Copyright © Canwest News Service
