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.

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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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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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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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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,