Toronto Board of Trade

Toronto Board of Trade

January 23, 2006 23:41 ET

Post-Election Action Plan For Toronto

Board of Trade sees fresh start for Canada, new opportunity for Toronto Attention: Business/Financial Editor, City Editor, News Editor, Government/Political Affairs Editor TORONTO, ONTARIO, ELECTION REACTION--(CCNMatthews - Jan. 23, 2006) - The Toronto Board of Trade congratulated Conservative Leader Stephen Harper on his election victory Monday night and offered to work with the new government to design and implement an action plan for Toronto.

"Our city needs federal help and Canada needs a strong Toronto," said Board President & CEO Glen Grunwald, "We look forward to working with the new government - it's a fresh start for Canada and an opportunity to take action on the key issues affecting the people and businesses of Toronto."

Grunwald says the federal action plan should include:

- Confirmation of ongoing, reliable federal funding for public transit
- Inclusion of increased funding for immigrant settlement in the spring budget
- Release of federal funding for waterfront revitalization
- Starting the long-overdue development of a national housing strategy
- Tax and regulatory changes to build a more competitive business climate
- Action to resolve the fiscal imbalances between all three levels of government

"This last issue is the key," explains Grunwald, "The biggest public policy challenge facing us today is ensuring that all levels of government have the appropriate responsibilities and sufficient funding to meet them - that includes the City of Toronto.

"Resolving that question will reduce the fiscal imbalance between Toronto taxpayers and Ottawa, currently an unsustainable $6.6 billion a year, to a fair and realistic level."

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 buinsess community. Founding in 1845, the non-profit organization represents 10,000 members with 500,000 employees, and operates at four locations across Toronto. Further information about Board events, policies, advocacy and products is available on its website at www.bot.com.

/For further information: www.bot.com/election/ IN: ECONOMY, FINANCE, POLITICS

Contact Information

  • Glen Stone, Public Affairs Manager, Toronto Board of Trade
    Primary Phone: 416-862-4565
    E-mail: gstone@bot.com