The higher carbon tax will cost Ontario more than 86,000 jobs and cause the province’s economy to contract by 1.9 per cent.
Capital formation in plant, machinery and equipment remains a major factor in growing our productivity and competitiveness.
Ontario has the highest electricity costs among provinces and some of the highest costs in North America.
The 1,000 Carrier workers are happy—the unknown future job-losers can only stuff their pink slips in their pockets and wait until next election.
Canada's lack of competitiveness will put Canadian manufacturing in a poor position to take advantage of opportunities via the Trans-Pacific Partnership (TPP) trade agreement.
Ontario’s chronic budget deficits have been a problem for more than a decade, as they initially surfaced during the early 2000s but came back with a vengeance once the recession struck.