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Transit funding should focus on increasing productivity and prosperity
The Institute for Competitiveness & Prosperity has always centred its transit position on the economic benefits for the Toronto region. The Toronto Census Metropolitan Area (CMA) contributes 45 percent to Ontario’s GDP and 19 percent nationally, both of which are proportional to its population.
What’s driving (the lack of) growth in Ontario?
A region’s economic landscape and progress is directly related to the development or demise of its industries. As some industries rise and others fall, the composition of goods and services produced in a region changes, altering the living conditions, consumers’ decisions, and ultimately the fate of the economy.