Ontario businesses under invest in ICT
Source: Institute for Competitiveness & Prosperity analysis based on data from Statistics Canada (special tabulations); Labour Force Survey (CANSIM Table 282-0008); US Department of Commerce, Bureau of Economic Analysis; US Bureau of Labor Statistics, Current Population Survey; CSLS Database of Information and Communication Technology (ICT) Investment and Capital Stock Trends: Canada vs United States, Available online: http://www.csls.ca/data/ict.asp
Quick Fact
Ontario businesses under invest in ICT
Annual Report 9 | Pages 38-39
On a per worker basis, US businesses out invest Ontario businesses in machinery and equipment overall with the gap being larger in ICT. As much of our machinery and equipment is imported, the strengthening of the Canadian dollar has been an advantage for our businesses. Consequently the gap between Ontario and US investment per worker began to narrow in 2005. By 2009, the gap was 21%.
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