With business confidence in Ontario at a record low, the province’s chamber of commerce says the federal government did not do enough with its proposed budget to spur productivity.
“Following the turbulence of the last few years, now is the time to see measures that provide businesses with predictability and spur productivity,” said Ontario Chamber of Commerce (OCC) President Rocco Rossi in a release on March 27, the day before the new federal budget was tabled.
Although the OCC praised some aspects of the budget once it was announced, the OCC said in a release on March 29, “Budget 2023 lacks a cohesive strategy for economic growth. More than ever, Canada needs a clear framework that will drive productivity and attract business investments in the face of major economic headwinds and competition with global peers.”…