Fall Economic Statement must support long-term competitiveness and growth

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Press release

Fall Economic Statement must support long-term competitiveness and growth

November 10, 2022

(Toronto – November 10, 2022) – Ontario’s economic outlook remains uncertain as labor shortages, supply chain disruptions and inflation continue to be felt. Today, Rocco Rossi, President and CEO of the Ontario Chamber of Commerce, released the following statement outlining actions the Ontario Chamber of Commerce would like to see in upcoming economic outlook and financial reviews of the fall of the province:

“Ontario’s business community needs a clear and predictable way forward. In next week’s update on Ontario building planwe will carefully consider 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 by the government, with immediate actions to address urgent vulnerabilities in our health care system, housing affordability, impending energy shortages and talent shortages. Businesses and nonprofits look forward to working with government to find innovative ways to strengthen the immigration and skills pipeline, build critical infrastructure, reduce regulatory burden, and remove barriers to trade so that 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 to growth will generate economic benefits for the entire country.

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

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

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