Pierre Trudeau 's Policies On The Economy

899 Words Jun 17th, 2016 4 Pages
Pierre Trudeau’s Policies Pierre Elliot Trudeau was the 15th Prime Minister of Canada. He served as Prime Minister from April 1968 to June 1984. During his time in office, Prime Minister Pierre Trudeau introduced many new policies. Pierre Trudeau’s policies on the economy, the environment and multiculturalism greatly benefitted Canada. Pierre Trudeau’s policies on the economy benefitted Canada. Trudeau introduced many new support programs. They included increased unemployment insurance, benefits for maternity leave, and a youth employment program. The programs ensured more money for Canadians. Citizens were able to buy more and the increased spending aided to Trudeau’s “Just Society.” Pierre Trudeau was able to control foreign investment. The Canada Development Corporation (CDC) was created by Trudeau to help with the issue of foreign investment. The CDC bought back companies that were owned by foreign investors. The Foreign Investment Review Agency (FIRA) was created in 1973. The organization approved foreign investments of Canadian companies. This regulated foreign investment which helped more Canadians to continue to own their businesses. In 1982, Trudeau established the “6 and 5” program. The program limited federal employees with the amount of wage increase they would receive. Federal employees would receive a 6% wage increase in the first year, and then a 5% increase the following year. Pierre Trudeau encouraged provinces and businesses to follow this policy as…
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