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2015 PRE-BUDGET SURVEY - WHAT SHOULD BE IN THE NEXT PROVINCIAL BUDGET? PDF Print E-mail

We want to know more about the critical issues impacting your bottom line. Help the Ontario Chamber of Commerce develop its 2015 Pre-Budget Submission to the Government of Ontario by taking a moment to complete this short survey.

All submissions will be entered into a draw to win two round-trip tickets to any Air Canada flight destination in Canada and the continental United States.

Help your Chamber win the secondary prize! The chamber or board with the highest relative response rate will win a cash prize of $500. The survey closes on February 13 at 5pm (EST).



ttps://ci.legerweb.com//wix/p4051692.aspx
Prize courtesy of Air Canada

 
A Look Ahead At The Global Economy In 2015 PDF Print E-mail

January 16, 2015 - A panel of experts at the Canadian Chamber of Commerce's Crystal Ball Symposium held in December 2014 looked at the big economic, political and technological trends that will shape global business in 2015. Big changes are coming to the global economy. Canada performed well last year, but there are vulnerabilities just over the horizon, from highly indebted consumers to worries about our housing market and now weaker oil prices. But, there are also big opportunities as the U.S. economy is accelerating into a booming recovery while the weak loonie is boosting our exports. Around the world, emerging markets, which used to be the engines of global growth, have slowed. The big question for 2015 is whether the U.S. economic resurgence can pull other markets along with it, like a huge locomotive dragging the global economy forward. The second big question for 2015: Is Canada ready? Read the report.

 
Canadian Chamber of Commerce 2014 Annual Report: Building a Stronger Future Together PDF Print E-mail

January 8, 2015 - On December 31, the Canadian Chamber of Commerce (CCC) issued its annual report to members. We think you’ll agree that the CCC had a pretty successful year on behalf of Canadian businesses.  In the report, you’ll find out how the CCC advanced several key issues of importance to its members, addressing the barriers to Canada’s competitiveness. They pressed aggressively for solutions to Canada’s skills gap-the issue that remains, for the third year in a row, as a main priority for its members. They undertook a new initiative, the Partnership for Resource Trade, to educate Canadians on the importance of our natural resources to our economic growth and on the need to build the infrastructure that will allow us to responsibly export our resources across the world. They carried out a study of high-growth entrepreneurial companies in Canada, the type of companies that created 45% of the new jobs in Canada in 2012, to find out how they can help them overcome the obstacles they face. And they made progress in getting the federal, provincial and territorial governments to address Canada’s internal barriers to trade, although much remains to be done. To discover more of what the CCC were doing on behalf of its members, please review the report.

 
Ontario Retirement Pension Plan Legislation: Leading the Conversation About Pension Reform in Ontario PDF Print E-mail

Ontario Chamber of Commerce Report
December 17, 2014 - Earlier this month, the Government of Ontario introduced legislation that will pave the way for a new public pension scheme for the province. The ORPP, which aims to supplement the Canada Pension Plan (CPP), will require employers to match employee pension contributions, increasing the cost of doing business.
We know that you share our concern over the ORPP.

That's why we responded to this announcement with a communications strategy that urges the government to defer legislation and answer outstanding questions about the impact the plan could have on the province’s economic competitiveness.Learn more about the results of our efforts by reading our media release and checking out some of the coverage we received in the Toronto Star, Canadian Press, Ottawa Citizen, and Financial Post.

The province is scheduled to release a consultative paper on December 17, 2014. We will be leading the development of a joint submission from the entire Chamber Network. Further, we will be working to schedule consultations with the Minister throughout Ontario. Stay tuned in the New Year for more information.

 
Job Security Paramount to Retirement Income Security PDF Print E-mail

Submitted by Ian Howcroft, Vice President (Ontario division) of Canadian Manufacturers & Exporters
December 17, 2014 - Ontario needs to be focused on securing good jobs and growing the economy to pave the way for retirement income security. Some of the key elements of the Ontario Retirement Pension Plan released on December 17, 2014 would put the pension cart before the jobs horse.

The Ontario government has identified a legitimate issue: Ontarians are not saving enough for their retirement. However, the ORPP approach could put further strain on the viability of many small and medium sized companies already struggling to remain competitive in the Ontario market. We have to give priority to measures that will immediately increase competitiveness for Ontario’s small and medium sized enterprises (SME’) such as streamlining regulation, lowering electricity rates and property tax equity for manufacturers.

Read more...
 
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.

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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.

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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.

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