Toronto Board of Trade

Toronto Board of Trade

December 13, 2007 16:58 ET

Business, Toronto Benefit in Ontario Economic Statement

Toronto Board of Trade welcomes "very positive steps" by provincial government

Attention: Business/Financial Editor, City Editor, News Editor, Government/Political Affairs Editor TORONTO, ONTARIO--(Marketwire - Dec. 13, 2007) - The Toronto Board of Trade says today's economic statement from the Province of Ontario contains very positive steps for the City of Toronto and its business community.

"These are just the kind of actions we have been advocating to encourage economic growth, job creation and public transit in Toronto," says Toronto Board of Trade President & CEO Carol Wilding. "In particular, we are very pleased to see the province heeding our call to speed up the elimination of the capital tax, particularly for the hard-hit manufacturing sector. This is something we have been promoting for many years."

Wilding also cites the province's plans to reduce corporate income tax rates for more small businesses, and to increase investments in skills development and innovation, as welcome initiatives for business.

"Equally important are the investments in infrastructure, particularly public transit, which are badly needed here in Toronto and across the province. Strong infrastructure is key to the ongoing livability and prosperity of our city, so increased funding in this area is a very smart investment in our future."

The Toronto Board of Trade is the champion of a competitive and vibrant Toronto with a mandate to serve, represent and unite the city's business community. Founded in 1845, Canada's largest chamber of commerce operates at five locations across Toronto and represents nearly ten thousand business and individual members. Further information about Board events, policies, advocacy and products is available on its website at
/For further information: IN: ECONOMY, FINANCE, POLITICS

Contact Information

  • Glen Stone, Public Affairs Director, Toronto Board of Trade
    Primary Phone: 416-862-4565
    Secondary Phone: 416-998-9458