OTTAWA – An association representing 33,000 high-tech executives is calling on the government to create a $60 billion “infrastructure fund” to help stimulate the economy through job-focused spending.
"We have never gone through anything like this," says John Reid, president of the Canadian Advanced Technology Alliance (CATA). "The economy has flat-lined, and my members tell me that even the high tech services sector, which is normally resistant to recession, is feeling the freeze.
"Canada needs to keep up with the example of our American neighbours, who are pushing forward an infrastructure stimulus package of $500-billion," he continued in the press release. "CATA’s call for a $60-billion package for Canada is consistent with that level and with advice from economists such as Robert Reich, who advise that the U.S. should spend some 4% of national product, or $600-billion, on infrastructure stimulus. In proportion, Canada should be prepared to spend $60-billion.”
The organization has also launched a campaign entitled ‘An Economy That WORKS!’
