Supporting economic growth in Ontario.
Each year the Ontario Economic Report (OER) presents the collective voice of our membership through the Business Confidence Survey, the Business Prosperity Index and the Economic Outlook. The report provides a snapshot of the past year and a look at the year ahead.
Click to tweet: Read the OCC’s third annual Ontario Economic Report aimed at shaping and informing future public policy in the province. https://occ.ca/ontario-economic-report/ #StrongerOntario #OER2019
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The OCC regularly surveys its members in order to understand what’s top of mind for Ontario businesses. This data provides a grassroots look at the economy and can reveal developing trends in business activity.
New research shows that businesses are gaining confidence in Ontario’s economic outlook as well as gaining confidence in themselves. Despite a more optimistic outlook for 2019, decreasing levels of organizational and economic confidence over the years have impacted business’ willingness to invest, take risks, and adopt technological advancements.
Exclusive to the Ontario Economic Report, the OCC in partnership with the Canadian Centre for Economic Analysis (CANCEA), presents the Business Prosperity Index (BPI), an original measure of the ability of Ontario’s businesses to invest in the future. The BPI looks beyond the GDP and instead considers the process of wealth generation from business production and investment activities. This version includes the most up-to-date data from 2000 to 2018.
The BPI suggests that while the overall level of prosperity is high, continued investment in both the public and private sector are required to support long-term economic growth.