Fall Economic Statement Must Support Long-Term Competitiveness and Growth

(Toronto – November 10, 2022) – Ontario’s economic outlook remains uncertain as labour shortages, supply chain disruptions, and inflation continue to hit home. Today, Rocco Rossi, President & CEO, Ontario Chamber of Commerce, released the following statement highlighting actions the Ontario Chamber would like to see in the Province’s upcoming Fall Economic Outlook and Fiscal Review:

“Ontario’s business community needs a clear and predictable path forward. In next week’s update on Ontario’s Plan to Build, we will look closely for measures that create the right environment to support long-term growth, productivity, resilience, and competitiveness.

“Economic growth in these uncertain times will require long-term planning from government, with immediate actions to address urgent vulnerabilities in our health care system, housing affordability, imminent energy shortfalls, and talent gaps. Businesses and non-profits are eager to work with government on finding innovative ways to bolster immigration and the skills pipeline, build critical infrastructure, reduce regulatory burdens, and remove barriers to trade so we can create sustainable economic growth for years to come.

“Ontario is home to some of Canada’s most competitive industries, including manufacturing, critical minerals, and clean energy. Supporting high-performing and emerging industries in Ontario through strategic investments and by removing barriers for growth will yield economic benefits for the entire nation.”

-30-

Ontario Chamber of Commerce
For more than a century, the Ontario Chamber of Commerce (OCC) has been the independent, non-partisan, indispensable partner of Ontario business. The OCC’s mission is to support economic growth in Ontario by defending business priorities at Queen’s Park on behalf of its network’s diverse 60,000 members.

For more information, please contact:
Michelle Eaton
Vice President, Public Affairs
michelleeaton@occ.ca| Mobile: (647) 261-4594