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Ontario Government Releases Fall Economic Statement

Published by CME webmaster on November 18, 2010

The Ontario Government’s fall economic statement today and measures to address the province’s rising electricity costs will electrify some manufacturers and turn the lights out on others, according to Canadian Manufacturers & Exporters Ontario (CME Ontario).
 
“The measures to reduce business costs are welcomed,” said Ian Howcroft, vice president of CME Ontario. “However, the government’s approach leaves out a significant number of manufacturers that are at the greatest risk of higher electricity costs – manufacturers that are the key drivers of economic growth in Ontario.”
 
CME Ontario supports green energy solutions but these have to be pursued in a balanced way to ensure we are not jeopardizing our economy and our standard of living.
 
“Manufacturers need competitive electricity rates in order to compete on a North American and increasingly global basis,” added Howcroft. “Moving forward we need to establish clear and consistent policies that will result in rates that are affordable, competitive and sustainable.”
 
CME Ontario will continue to work with the government on the Long-Term Energy Plan to develop a holistic approach that will consider the total bill impact of energy policy, and work to ensure that costs are given full consideration in the plan.
 
“We are pleased that Ontario’s fiscal picture is improving; however, there is still a significant amount of uncertainty and challenges that are of great concern to Ontario’s manufacturers.”
 
Canadian Manufacturers & Exporters (CME) is Canada’s leading trade and industry association and the voice of manufacturing and global business in Canada. 

We focus on the issues that are most critical to our members - manufacturing competitiveness, US business opportunities, international markets, people and skills, energy and the environment. Their challenges are our priorities. We offer solutions for our members through our leadership in:

  • CME Advocacy
  • CME Intelligence
  • CME Business Opportunities
  • CME Best Practices
  • CME Networking

Since 1871, we have made a difference for Canada’s manufacturing and exporting communities. Fighting for their future. Saving them money. Helping them grow.

The association represents more than 10,000 leading companies nationwide. More than 85% of CME’s members are small and medium-sized enterprises. As Canada’s leading business network, CME, through various initiatives including the establishment of the Canadian Manufacturing Coalition, touches more than 100,000 companies from coast to coast, engaged in manufacturing, global business and service-related industries. 
 

CME’s membership network accounts for an estimated 82% of total manufacturing production and 90% of Canada’s exports.
 


For more information, please contact:

Paul Clipsham
Director of Policy & Business Intelligence
Email: paul.clipsham@cme-mec.ca

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