Premier to Highlight Economic Plan
Plan is Delivering on Top Priority: Creating Jobs and Growth
From April 25 to 29, Premier Kathleen Wynne will visit Ontario businesses, postsecondary schools and other groups across the province to speak about the government's economic plan and how it is delivering on her number-one priority -- creating jobs and growing the economy.
The Premier will address organizations representing businesses, municipalities and researchers, and participate in roundtables at various fast-growing companies. The Premier will also ask for ideas on how to accelerate the province's development as a hub of the knowledge economy.
The visits will spotlight the success that the government has achieved so far through its four-part economic plan. Ontario has one of the fastest-growing economies in Canada, and the Ministry of Finance forecasts that it will remain so over the next two years. Ontario leads the country in job creation, which since last year has reduced the provincial unemployment rate to below the national average.
During the week, the Premier will highlight the government's actions to build on the economy's momentum. These include:
- A historic investment in infrastructure of about $160 billion over 12 years, to build the roads, bridges, transit, schools and hospitals that people and the economy need
- The Ontario Student Grant, to make average college and university tuition free for more than 150,000 students and make postsecondary education more accessible for students from low- and middle-income families
- A cap and trade program, to help Ontario transition to a low-carbon economy and create jobs and growth in the cleantech and innovations sectors of the future
- The $400-million Business Growth Initiative, to modernize regulations and reduce red tape, help more businesses scale up from local to global and foster a culture of innovation
- The Ontario Retirement Pension Plan, to ensure every eligible employee is part of the ORPP or a comparable workplace pension plan by 2020, so that every worker in Ontario has the retirement security they deserve.
Ontario's four-part plan to grow the economy and create jobs invests in people's talent and skills, including helping more people get and create the jobs of the future by expanding access to high-quality college and university education. The plan is making the largest investment in public infrastructure in Ontario's history and investing in a low-carbon economy driven by innovative, high-growth, export-oriented businesses. The plan is also helping working Ontarians achieve a more secure retirement.
- Ontario’s real GDP increased by 0.8% (or 3.1% at an annualized rate) in the fourth quarter of 2015. The province’s real GDP grew by 2.7% in 2014 and 2.6% in 2015.
- Ontario has added almost 86,000 net new jobs in the past 12 months, more than in any other province. All of the gains have been in full-time work.
- The 6.8% provincial unemployment rate is the lowest since 2008.
- Merchandise exports from Ontario totalled a record $17.6 billion in January.
- Premier Wynne plans to make stops in Brampton, Brantford, Burlington, Hamilton, Milton, Mississauga, Oakville, Thunder Bay and Toronto.
“My top priority is creating jobs and growing the economy. Our four-part economic plan for Ontario is working — what we’re building is the infrastructure that will modernize how we live and work, the opportunity for everyone, from students to seniors, to succeed, and a low-carbon economy that creates growth and good jobs. What we’re building is a prosperous future for Ontario.”