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How Low Can Oil Go? PDF Print E-mail

Dec. 9, 2014 - The Canadian Chamber of Commerce released a brief explaining the decline in oil prices and what it will mean for the Canadian economy. Oil prices are dropping due to an increase in production and weaker demand. Lower oil prices will reduce Canada’s GDP growth, but this should be partly offset by an increase in consumer spending.

Download the full report.

GM Canada Announces David W. Paterson as Vice President Corporate and Environmental Affairs PDF Print E-mail

Dec. 2, 2014 - GM Canada today announced that David W. Paterson has rejoined the company as Vice President, Corporate and Environmental Affairs. He will also work as part of GM’s global public policy and communications organizations. 

GM Canada’s corporate affairs issues were most recently managed by Neil Macdonald, Vice President Corporate Affairs, General Counsel and Secretary for GM Canada who has elected to retire effective March 1, 2015 after 30 years of dedicated service to General Motors.

Aviation Fuel Tax Short Sighted PDF Print E-mail

Nov. 24, 2014 - The Greater Oshawa Chamber of Commerce (GOCC) has a serious concern with the government of Ontario’s move in its 2014 budget to phase in an increase of 148% to the province’s aviation fuel tax over the next four years. The first of four one-cent increases took place this past September and will ultimately raise the tax from 2.7 cents to 6.7 cents a litre.

The GOCC stands with other chambers, businesses, airport authorities, municipalities, tourism operators and consumer organizations across the province in opposing this huge increase which is out of step with our neighbouring U.S. states and most of Ontario’s provincial counterparts. The Chamber is asking the government of Ontario to defer any further aviation fuel tax increases until a full study of its economic impacts can be completed with meaningful input from Ontario municipalities, consumer organizations, airports, tourism operators, airlines and other affected parties.The increase in the aviation fuel tax contradicts the interests of Ontarians as it will obstruct job creation, economic growth, trade and the development of Ontario’s vital travel and tourism sectors. The tax increase will impact tourism including hotels, restaurants, travel agents, tour operators, among others who support the tourism industry as well as many industries across Ontario including manufacturers and freight.

Ontario Chamber’s Take On Fall Economic Report PDF Print E-mail

Nov. 17, 2014The Government of Ontario released its 2014 Ontario Economic Outlook and Fiscal Review, which provides an update on the government’s finances and progress on key commitments since the release of the 2014 Budget. In October, the province’s unemployment rate declined to 6.5 percent, its lowest rate since 2008. The province has also seen real gains in GDP, exports, and household consumption since the beginning of the year.The government remains committed to eliminating its budget deficit by 2017-18. It continues to project a deficit of $12.5 billion for the 2014-15 fiscal year, with significant reductions in the deficit thereafter.

Minister Alexander Speaks At DEPC PDF Print E-mail

Nov. 14, 2014 - The 5th Durham Economic Prosperity Conference (DEPC) held on November 14th in Ajax featured a number of high caliber speakers including the Hon. Chris Alexander, Canada's Citizenship and Immigration Minister and MP for Ajax-Pickering, speaking on behalf of the Hon. Gary Goodyear, Minister of State for FedDev Ontario. The Conference highlighted three key economic areas for Durham Region:  nuclear energy, automotive and the movement of goods. For more information on the information shared at the Conference,

This Year Ontario's Net Debt Grew To $267.2 Billion PDF Print E-mail

Nov. 3, 2014 – The Ontario Chamber of Commerce’s latest report provides a straightforward account of Ontario’s current fiscal situation.

Ontario’s history of spending is unsustainable. In only seven of the past 25 years has the government balanced its books or achieved a surplus. The province has been digging itself deeper and deeper into the red. In the 2013-14 fiscal year, the provincial government paid $10.6 billion in interest (or $29 million per day) to service its debt.

A tipping point may be closer than Ontarians think. With a slower growth future projected for the province, combined with the growing demands of a rapidly aging population, the need to deal with the fiscal situation now becomes all the more urgent.

Read How Bad Is It? What Do We Do About It? to learn more about Ontario’s fiscal situation and the steps the government can take to return itself to a path of fiscal sustainability.

Top 3 Reasons to Attend the Durham Economic Prosperity Conference PDF Print E-mail

Oct. 27, 2014 - The Honourable Chris Alexander, Minister of Citizenship and Immigration, on behalf of the Honourable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), will provide the opening keynote address at the 2014 Durham Economic Prosperity Conference in Ajax on Friday, November 14th.

Minister Alexander will highlight FedDev Ontario’s continuing contributions and initiatives available to Durham Region and southern Ontario, stressing the growing importance of industry clusters, and celebrating the collaboration of business, government and research institutions.

“Real economic prosperity comes from innovation and collaboration. For Durham Region to compete and prosper in a global marketplace, we must continue to bring business, government and research to the same table in order to leverage our strengths, bring new perspectives and resources and always be expanding our potential for opportunities,” commented Minister Alexander when agreeing to speak at the conference.

Government Announces Independent Review of Ontario College of Trades PDF Print E-mail

Oct. 24, 2014 - In early September the Greater Oshawa Chamber of Commerce, Ontario Chamber of Commerce and Essential Skills Ontario released the report, Moving Forward Together. The report called on the Government of Ontario to ensure that upcoming changes to the province’s training and employment programs reflect the needs of employers.

On October 23rd the Government of Ontario announced the appointment of Tony Dean, former Secretary of Cabinet and Head of Ontario Public Service, to lead an independent review of the Ontario College of Trades and other key areas of Ontario's skilled trades system.

A Battle We Can’t Afford To Lose: Getting Young Canadians From Education To Employment PDF Print E-mail

Oct. 24, 2014 - The Canadian Chamber of Commerce (CCC) issued a report entitled: A Battle We Can’t Afford to Lose: Getting Young Canadians from Education to Employment. Across the country, there is a growing understanding that closing the skills gap means better aligning our education and training systems to our labour market needs. For Canadian youth, it is essential the education or training they get is relevant to the job market they will enter.

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