Toronto Board of Trade

Toronto Board of Trade

March 25, 2008 16:36 ET

"Good News" For Toronto Businesses

Toronto Board of Trade Applauds Provincial Investments, Tax Relief

Attention: Business/Financial Editor, City Editor, News Editor, Government/Political Affairs Editor TORONTO, ONTARIO, MEDIA RELEASE--(Marketwire - March 25, 2008) - The Toronto Board of Trade is describing today's Ontario budget as good news for Toronto's business community.

"We're very please with the investments the province has chosen to make," says Toronto Board of Trade President and CEO Carol Wilding. "By putting more money in infrastructure, skills, and education, the McGuinty government will help make our region's economy more competitive."

Wilding also welcomes the budget initiatives to reduce business taxes, particularity for the struggling manufacture sector, this will support investments and growth.

"This budget addresses the key concerns raised by the Board on behalf of businesses in Toronto - infrastructure, skills and competitiveness" notes Wilding. "As we have said building a stronger economy requires a balanced approach that combines strategic investment with reductions and the cost of doing business. That's what we've seen today."

"As economic circumstances allow, we look for the province to continue building on it's record of tax reductions and other steps to keep Ontario competitive. We're also confident that the province will move quickly later this year to meet it's commitments to share more costs and responsibilities with Toronto and other cities.

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 www.bot.com. /For further information: www.bot.com/media/ 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
    E-mail: gstone@bot.com