Statement from Minister Dwight Duncan on May job numbers



    TORONTO, June 5 /CNW/ -

    NEWS

    Ontario continues to feel the effects of the global economic crisis.
    As today's job numbers show, the impact of this global recession on
Ontario's economy continues to affect our families, individuals, communities
and businesses.
    These challenging times require governments to act - to get people
working, to support our most vulnerable and to grow our economy. That's what
our government is doing.
    The McGuinty government is investing $34 billion over the next two years
to stimulate economic growth and help Ontario families.
    This investment represents 2.9 per cent of gross domestic product - above
and beyond the minimum recommendation of the International Monetary Fund for
short-term stimulus action.
    This funding includes $32.5 billion for infrastructure - roads, sewers,
bridges, schools and hospitals. We estimate that this investment will create
and support more than 300,000 jobs across the province over the next two
years.
    We are also providing $700 million in additional funding for skills
training to help unemployed Ontarians find new and better jobs.
    The best way to overcome the challenges of this global recession is by
building a powerful Ontario economy.
    The single sales tax is the single most important thing we can do to
prepare Ontario's economy for job creation. Research from Atlantic Canada
showed that a single sales tax led to an increase in investment in machinery
and equipment by 12 per cent. That kind of investment will help Ontario's
economy.
    Our government will continue to move forward with our plan to help
families and businesses affected by the global economic crisis and position
Ontario to become more competitive for a more prosperous future.

    
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For further information:

For further information: Alicia Johnston, Minister's Office, (416)
325-3645; Scott Blodgett, Ministry of Finance, (416) 325-0324

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