The Ontario Liberal Party is committed to a thriving economy where everyone benefits from growing prosperity. Ontario has restored its fiscal and economic strength through investing in what matters most to Ontario, its people, its infrastructure, and its economic strength. The record investments made by this government allowed the economy to grow while also allowing the budget to return to balance. The strength of our economy today allows for further investments in the programs and services that Ontario families rely on.
Our economic record is strong:
- Over the past two years, Ontario’s real GDP growth has outpaced that of Canada and all other G7 countries.
- We stimulated economic growth by making historic investments in infrastructure with more than $190 billion over a 13-year period that started in 2014–15. Planned investments are expected to support 125,000 jobs, on average, each year
- The government launched the 10-year, $2.7-billion Jobs and Prosperity Fund to attract significant business investments, creating and retaining more than 37,600 jobs.
And we continue to take bold action to support inclusive growth across the province:
- As a part of Ontario's plan for Fair Workplaces and Better Jobs, the minimum wage will again increase to $14 on January 1, 2018, and to $15 on January 1, 2019. It also ensure that part-time workers are paid the same hourly wage as full-time workers for doing the same job.
- The 2017 Budget contained major increases in health care and education spending to ensure we are protecting and growing vital public services that help keep Ontario competitive.
- The Business Growth Initiative is our $650 million strategy to fast-track the expansion of Ontario’s knowledge-based economy.
Even though the economy overall is strong and growing, we know that not all people of Ontario are feeling the benefits of that growth. Our plan for fairness and opportunity must seek to foster inclusive growth through policies that support a dynamic and innovative economy. We need your best ideas about what those should be!