The Federation of Canadian Municipalities is welcoming a TD Economics report calling for new funding arrangements for municipalities. The report, released today, entitled “A Choice between Investing in Canada’s Cities and Disinvesting in Canada’s Future,” draws a direct link between the economic health of Canada’s major cities and the quality of life enjoyed by Canadians throughout the country.

TD Bank points out that other countries are investing heavily in their cities and say Canada will fall behind unless we do the same, says the FCM. “TD has it right. Canada’s cities are facing challenges that, if left untended, could stymie Canada’s chances for raising our standard of living,” says Jack Layton, President of the Federation of Canadian Municipalities and a Toronto Councillor. “Canadians need to invest in our cities, and we need all orders of government to be partners in the investment.”

FCM is committed to working closely with TD Bank to ensure the report is seen and acted upon by political and business leaders throughout the country. For more information on the report see the TD website.