Federal vision needed to grow Ontario's economy

TORONTO, Dec. 13, 2012 /CNW/ - A new report from the Ontario Chamber of Commerce (OCC) makes the case that federal policies are a barrier to Ontario's economic growth. The OCC is calling on the federal government to play a more productive role in improving Ontario's economic competitiveness.

This call is being made days before the gathering of Canada's finance ministers in Ottawa.

The report, A Federal Agenda for Ontario, shows that federal approaches to areas such as training, immigration, infrastructure, and economic development are hurting Ontario and its businesses.

"The federal government has done much to help Ontario during the downturn, including supporting the HST and helping bailout the auto sector" said Allan O'Dette, President & CEO of the OCC. "But Ontario's economy is still recovering, and we need the federal government to continue to seek ways to drive economic growth in the province."

The report notes that Ontarians contribute $12.3 billion more into the federation than what they get back, and in many key areas, federal government policy is not aligned with provincial priorities.

"This misalignment isn't the fault of any single government or party," notes O'Dette, "and our intention isn't to pit one government against another. Instead, we've come up with an evidence-based case for how the federal government can help Ontario's economy grow."

The report makes 14 recommendations on how to reform policies relating to immigration, training, Employment Insurance, manufacturing, infrastructure, Aboriginal education, local economic development, and the way that the federal government distributes wealth across the country.

With the exception of reforms to Aboriginal education, these recommendations do not require the federal government to spend more money.

"Ontario businesses are optimistic that the province will emerge from this period of economic uncertainty stronger and more competitive than ever," said O'Dette. "This is best achieved when we work collectively to create the right conditions."

Download the report at http://occ.on.ca/assets/FINAL-A-Federal-Agenda-for-Ontario.pdf

About the Ontario Chamber of Commerce (OCC): The OCC  is a network of 160 local chambers of commerce and boards of trade in the Province of Ontario, representing 60,000 businesses of all sizes, in all economic sectors and from every area of the province. Visit us at www.occ.on.ca.

SOURCE: Ontario Chamber of Commerce

For further information:

or to schedule an interview, contact:
Neville McGuire, Communications Manager
416-482-5222, ext 2410
[email protected]