Ontario Strengthening Competitiveness to Attract Investments

Province ranked the most competitive in Canada

Photo: Vic Fedeli, Minister of Economic Development, Job Creation and Trade

TORONTO — Vic Fedeli, Minister of Economic Development, Job Creation and Trade, issued the following statement on today’s monthly employment release by Statistics Canada, which showed Ontario added 17,000 full time jobs last month.

“At a time when countries around the world are facing economic uncertainty, our government continues to build a strong and resilient economy and province. Our targeted and responsible approach supports people and businesses today and lays a strong foundation for the future by lowering costs, cutting red tape and keeping taxes low.

Earlier this month, Site Selection Magazine named Ontario the most competitive province for companies to invest in for the fifth time in the last six years. Companies both domestic and international are looking to grow in Ontario. We’ve attracted over $25 billion in auto and EV battery-related investments, over $3 billion in life sciences investments and billions more in tech investments. These investments are creating good-paying jobs across the province, with more than 200,000 new jobs added to the province in the last year.

As the population continues to grow, we’re also working across government to fill in-demand and good-paying jobs in the construction trades. Construction employment increased by 10,800 in August, and Ontario will need over 100,000 new skilled trades workers this decade to help deliver our ambitious infrastructure plans, which include building at least 1.5 million homes by 2031.

No matter what the future may hold, Ontario will be ready with our plan to build a strong economy and a strong Ontario.”

SOURCE Province of Ontario

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