Oshawa, Ontario (February 1, 2008) - The establishment of a unique new General Motors of Canada Automotive Centre of Excellence at the University of Ontario Institute of Technology (UOIT) took the next step towards reality today with more than $120 million in contributions from General Motors of Canada and the PACE partnership, the Government of Ontario and the Government of Canada.
While today’s federal budget focused on a number of the right elements, more could have been done to continue to address Canada’s heavy tax burden.
“The Canadian Chamber of Commerce is pleased that the budget addresses a number of our recommendations in critical areas such as infrastructure, immigration, creation of an Employment Insurance Financing Board, and education and training. Furthermore, the budget puts in place a number of measures in response to recommendations made in the just released Chamber led coalition paper on reducing border costs. By contrast, the government’s extension of the accelerated capital cost allowance for manufacturers and processors came up short of Chamber members’ expectations” said Perrin Beatty, President and CEO of the Canadian Chamber of Commerce.