Ontario Construction News staff writer
The latest monthly employment report by Statistics Canada shows employment in Ontario increased by15,600 jobs in February 2023.
“Amid global uncertainty, our government is working around the clock to build a resilient economy that can weather any storm,” said Vic Fedeli, economic development minister. “Today, we’re pleased to see that the number of new jobs created in Ontario has increased for the fifth straight month, with over 600,000 new jobs added to our economy since 2018.
”While we continue to lead the nation in job creation, we know that we can’t take anything for granted.”
Over the last two and a half years, Ontario has announced $17 billion in investments from global automakers and suppliers of electric vehicle batteries and battery materials, and $3 billion in investments from global life sciences companies.
Investments include a $471 million investment by Magna International to expand their operations in Ontario. Magna started as a tool-and-die manufacturer in Toronto over 65 years ago and has grown into one of the world’s leading automotive suppliers.
The expansion, supported by $23.6 million in funding from the province through Invest Ontario, will create more than 1,000 new good-paying jobs in Brampton, Guelph, Belleville, Newmarket, Windsor and Penetanguishene.
“We are creating the right conditions for workers and businesses to succeed, leaving no stone unturned,” Fedeli said in a statement. “By keeping taxes low, reducing electricity costs, cutting red tape, and training a world-class, skilled workforce, we’re doing all that we can to compete for, and win, global investments. No matter what the future may hold, we will be ready.”