ADRM
Senior Member
Of course there have been some businesses locating in Ontario. But there is a definite trend towards Quebec being able to leverage and target its growth far better than Ontario- something that's being reported throughout media.
Toronto by virtue of its size will attract tech, but there's no doubt that Quebec punches above its weight, especially considering that throughout there's been larger increases in venture capital funding in Quebec, even as Montreal catches up to Toronto.
Canadian venture capital soars in 2015; Quebec and BC catch up to Ontario
http://www.geektime.com/2016/03/08/...rs-in-2015-quebec-and-bc-catch-up-to-ontario/
http://www.geektime.com/2016/11/06/...ing-stage-to-pass-2015-easily-by-end-of-year/
Moreso, we should look at how full-time employment in Quebec has been growing compared to Ontario- where the majority of work created has been part-time.
http://www.cbc.ca/news/canada/montreal/quebec-economy-forecast-2017-donald-trump-1.3918627
Maybe it's time to stop pretending that things will continue to be all nice and smooth when Quebec is catching up to us- maybe we should start considering that Ontario is underperforming despite our advantages?
Maybe it's time to fix our economic fundamentals rather than trying to patch things up with rebates after the mess has been made?
There's no doubt a change of government is absolutely necessary as the Liberals have grown stale, but what new government is necessary (a purged Liberal government, Conservatives, NDP , etc.) is up for debate.
And here's the latest RBC forecast predicting Ontario will lead all Canadian provinces in growth in 2017.
Continued, in its Ontario-specific snapshot: In a world of slower economic growth, Ontario’s performance in the past three years—an average of growth rate of 2.6% annually—is probably as good as it gets for a large, mature and diversified economy.
The tone of economic indicators has been generally positive recently, consistent with our view that most sectors of Ontario’s economy firmly remain in expansion mode. Sustained job creation—employment has risen by more than 100,000 in the six months ending in January 2017—and a downwardly trending unemployment rate—to an eight-year low of 6.2% in recent months—instill a fair degree of confidence among households.
So, maybe it's time to stop pretending that the Ontario economy isn't doing well compared to other provinces.