STATEMENT ~ PETER JULIAN HONOURED TO BE NAMED FINANCE CRITIC FOR THE OFFICIAL OPPOSITION NDP

FOR IMMEDIATE RELEASE~NOVEMBER 7TH, 2011

PETER JULIAN HONOURED TO BE NAMED FINANCE CRITIC

FOR THE OFFICIAL OPPOSITION NDP

OTTAWA - Peter Julian, MP (Burnaby-New Westminster), has quickly gotten to work as the new Finance Critic of the Official Opposition New Democratic Party. Peter was named to the post last weekend and since that time, in the framework of the hearings held around the Pre-budget Consultations for the Standing Committee on Finance, has met with the Governor of the Bank of Canada Mark Carney, Finance Minister Jim Flaherty and the Parliamentary Budget Officer (PBO) Kevin Page.

“I am deeply honoured by the trust placed in me by our Interim-Leader Nycole Turmel to be chosen for the position of Finance Critic for the Federal NDP’s Official Opposition Caucus.  I am aware that there is a tremendous amount of work to do in the coming months as Canada enters a renewed economic slowdown. The NDP Caucus is hard at work providing economic alternatives as Canadian families are finding it more and more difficult to make ends meet”, said Julian.

Peter takes the role of Finance Critic at a time when both the Governor of the Bank of Canada and the PBO have indicated that Canada is entering a renewed economic slowdown. The PBO, Kevin Page, is projecting that another 100,000 Canadians will lose their jobs in the coming months. The international monetary fund is projecting that Canada will have among the worst current account deficit on balance of payments among all industrialized countries in 2012. Concerns have also been raised about the record levels of debt the average Canadian family is experiencing, and there are presently 2 million Canadians that are unemployed. 

“Canada is facing huge economic challenges in the coming months”, said Julian. “The current government is stubbornly determined to proceed with significant new corporate tax cuts on January 1st 2012, at a time when the estimated accumulated profits of Canadian corporations have reached the half trillion mark and business investment in Research & Development and machinery is lamentably at low levels. The government seems to deny, as they did in 2008, that Canada is entering a renewed economic slowdown.  I will be pushing the Harper government to put in place wise investments to ensure economic stability, and to address the rampant inequality that we are now experiencing. I am proud to take on the leadership of the finance file for the federal NDP in collaboration with the other economic portfolios in the Shadow Cabinet and am committed to protecting and defending the rights of hard working Canadians”, concluded Julian.

 

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