SOURCE: Canadian Centre for Economic Analysis

Canadian Centre for Economic Analysis

February 25, 2016 16:38 ET

Expanded Infrastructure Commitment in Ontario's 2016 Budget Is Important for Our Economy

TORONTO, ON--(Marketwired - February 25, 2016) - The Canadian Centre for Economic Analysis (CANCEA) welcomes the Ontario government's expanded commitment to public infrastructure in its 2016 Budget. CANCEA's independent and cutting-edge research on this topic is clear: relevant public infrastructure investment is more crucial to the prosperity of a region than previously estimated. It supports the quality of life of its residents and the ability of the economy to move. Without sufficient and appropriate investment in public infrastructure, future economic growth and related prosperity would be at significant risk.

Speaking about Ontario's 2016 Budget, CANCEA President and CEO Paul Smetanin notes "The Province seems to understand the foundational role of public infrastructure in our economy; that it can be catalyst to promote long-term prosperity if the right infrastructure is built in the right place at the time. We thank the Ontario government for highlighting our research in this area in their 2016 Budget."

A 2015 CANCEA report -- highlighted in Ontario's 2016 Budget -- found that appropriate public infrastructure investments can generate systemic long term economic returns on real GDP more than 11 times greater than non-infrastructure investments. This evaluation was done using CANCEA's unique research platform called Prosperity at Risk that utilizes agent-based modeling and a systems approach.

To download a copy of the report, please click here

ABOUT CANCEA

CANCEA is a state-of-the-art interdisciplinary research organization that is dedicated to objective, independent and evidence based analysis. They have a long history of providing holistic and collaborative understanding of the short and long term risks and returns behind policy decisions and prosperity.

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Contact Information

  • To arrange an interview or for more information, please contact:
    Paul Smetanin
    President and CEO 
    paul.smetanin@cancea.ca 
    Phone: 416.567.9040