Ontario Promotes Economic Opportunities Across Key Sectors Globally

Government of Ontario

Vic Fedeli, Minister of Economic Development, Job Creation and Trade, issued this statement following October 7th’s monthly employment release by Statistics Canada that showed employment in Ontario decreased in September.

“Our government continues to promote Ontario internationally as the innovation and investment hub of North America. We’re working around the clock to attract transformational investments that will bring good-paying jobs back to Ontario, while creating new jobs for generations to come.

As part of our plan to build the province, we’re doing everything to ensure that Ontario continues to be the best place for people to live and businesses to invest and grow. There are economic opportunities in a wide range of key sectors, including automotive and electric vehicles.

Recently, Ontario was named the most competitive location to do business in Canada by Site Selection Magazine. Companies around the globe are looking to Ontario for their future, a strong vote of confidence in the province’s economy.

Over the past two years, we have attracted $16 billion in investments by global automakers and EV battery manufacturers. With a talented workforce, state-of-the-art research and development facilities, award-winning manufacturing and access to an abundance of critical materials, Ontario is well-positioned to build the cars of the future, and that’s just the beginning.

Our recent trade mission to South Korea and Japan created a vital opportunity to meet with large multinationals to promote Ontario’s strengths in the automotive, aerospace and other key emerging sectors. We will continue to promote Ontario internationally as part of our plan to build Ontario, as we head into our upcoming trade mission to Germany and Austria.”

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NEWS RELEASE
GOVERNMENT OF ONTARIO
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