Task Force on Competitiveness, Productivity and Economic Progress. Course correction: Charting a new road map for Ontario

Ontario needs to correct its economic course with substantial investments and major productivity gains if it is to accelerate its stagnant growth

Toronto – Ontario is a long way off from closing the prosperity gap with its North American peers. In 2012, Ontario’s GDP per capita ranked a dismal 14th out of 16 North American peers. This ranking is unchanged from when the Task Force first began measuring Ontario’s economic progress more than a decade ago. To achieve the Task Force’s goal of ranking at the median North American peers, Ontario will have to increase its GDP per capita by nearly $8,000. This is a tall order given the province’s poor growth performance since 2001.

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