Ontario Releases New Economic Competitiveness Report

From the report: "Ontarians need to rebalance our economic priorities and policies by investing more today if we want to achieve our full economic potential and prosperity in the future." That is the conclusion of Rebalancing priorities for prosperity, the Fourth Annual Report of the Task Force on Competitiveness, Productivity and Economic Progress in its Fourth Annual Report, released today at the MaRS Centre in Toronto.

Ontario has built one of the most successful economies in the world, but the Task Force’s report demonstrates that Ontario has a widening prosperity gap with its peer group of North American jurisdictions. The key to closing this prosperity gap, the Task Force argues, is higher productivity – the increased capability of Ontarians to add more value to the physical, human, and capital resources in the province. But to achieve this Ontarians need to choose a different path than the one we’re on – rebalancing priorities to increase investment for the future and decrease current consumption.

Download the report here: http://www.competeprosper.ca/task/ar2005.pdf