Bob Delaney
Member of Provincial Parliament
Mississauga-Streetsville Provincial Liberal Association
Riding Association Web Site
Sunday May 20, 2012
Summer in Mississauga is 31 days away!
More than half of all new Canadian jobs were created in Ontario

Ontario economy is roaring back

In June of 2011, the Ontario economy created more jobs than the rest of Canada, plus the United States, combined! Ontario's economy has now had seven consecutive quarters of growth, and higher business investment. Of all new Canadian jobs created in the past six months, fully 57 percent were created in Ontario! And the vast majority of those were full-time positions.

This is the first time in history that the Ontario economy has recovered from a recession without a corresponding recovery in the United States. Ontario has recovered, as of the end of June, some 115 percent of its bottom-of-the-recesion job losses, and is growing rapidly. The corresponding figure in the USA is just 35 percent, and is stalled. In Europe, France, the UK and Britain, they have recovered between 45 and 55 percent of their recession job losses.

During the first quarter of calendar year 2011, Ontario's real Gross Domestic Product (GDP) rose 0.8 percent (3.2 percent annualized). It has increased 5.6 percent during the past seven quarters. Ontario's GDP is now above its pre-recession levels. The growth was driven by all the right things: higher business investment; building of inventory levels; and increased consumer spending. The stimulus worked.

Links

Quick Facts

Ontario gained more than 40,000 jobs in June 2011, more than double the number of jobs created in the United States.

Ontario's unemployment rate declined to 7.7 percent. Ontario employment is now above its 2008 pre-recession peak.

Since the obsolete, expensive, cold-war-relic Provincial Sales Tax was introduced in 2010, 114,000 jobs have been created in Ontario, the vast majority of them full-time positions.

In 2010, Ontario was named a top destination for foreign direct investmnt in North America, second only to California with nearly three times Ontario's population. Ontario attracted a total of 127 foreign direct investment projects, creating more than 11,200 Ontario jobs.

Quotes

"Our parents and grandparents worked hard to build this great Province. Through hard work, we are continuing to move forward together in the best interests of our children and grandchildren. Their future is our responsibility today."
Dalton McGuinty, Premier of Ontario

"What this made-in-Ontario economic recovery means for families in Lisgar, Meadowvale and Streetsville is opportunity. People are getting back to work, finding and creating new jobs, new products and services and new firms. Students are confident they will find work in their field of choice right here in Ontario. Firms from abroad are coming here to set up shop in the businesses of tomorrow, with good, well-paid jobs in western Mississauga."
Bob Delaney, Member of Provincial Parliament - Mississauga-Streetsville