On February 7, the Ontario Chamber of Commerce (OCC) released its eighth annual Ontario Economic Report (OER). This year’s OER reveals a provincial economy under strain. Business confidence continues to decline post-pandemic, real GDP-per-capita is falling, and the economy is hampered by inflation, interest rates, skills gaps and prolonged uncertainty. Despite these challenges, Ontario has avoided a significant economic contraction and inflation and labour shortages are gradually easing. Read the release.
The report presents a path forward, focused on a principled growth strategy that prioritizes a skilled, inclusive labour force, smart and sustainable infrastructure, a competitive business environment, and healthy communities.
Thank you to our Lead Partner, Hydro One, Presenting Partner, Bruce Power, and Research Partners, BMO and Goldfdale Consulting.