Canada Economic Stimulus

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About Canada economic stimulus
As per reports of 15th December, 2008 shipbuilding is going to be an important part of Canada economic stimulus package.

An important and rather interesting aspect of this economic stimulus Canada package, is that money is not being spent on new projects but ones that have been in pipeline for some time now.


About Canada economic stimulus
As per reports of 15th December, 2008 shipbuilding is going to be an important part of Canada economic stimulus package.

An important and rather interesting aspect of this economic stimulus Canada package, is that money is not being spent on new projects but ones that have been in pipeline for some time now.

Main purpose behind this entire project is to create sources of employment opportunities that is not affected by ups and downs of an economy, but is highly effective and is able to win recognition and appreciation as well.

As per reports, a certain part of economic stimulus would be taken from funds that have been set aside for building navy supply ships, icebreakers and patrol boats.

However, there are certain teething problems in this case. Success of this plan is dependent on issues like settling of internal differences and disputes by shipbuilding organizations and various trade unions across Canada. Defence Minister of Canada, Peter MacKay, has also expressed his opinion that these trade unions and shipbuilding companies would have to come and share this work, which is worth billions of dollars.

Peter MacKay has said that these entities have sufficient employment opportunities to provide jobs to people in coastal areas as well as Quebec area. He opines that amount of work in this sector of Canadian economy is good enough for it to survive and do well in these tumultuous economic climes.

According to him this sector would act as an economic stimulus for Canada. Main reason behind this belief is that this sector is helping people get jobs. Since there is good enough volume of work in all these projects he expects that shipyards of Canada would be brimming over with employees. He says that this would help in bringing about a shipbuilding program that would continue as an important source of income and employment in days to come.

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