Toronto, Sept 28 (Canadian-Media): Ontario is the North American leader for foreign direct investment (FDI) -- followed by Ireland, the U.K., Japan, China, and Germany -- outpacing all other provinces and states with over 10,000 new jobs created from incoming FDI, the Global Location Trends 2019 report by IBM said.
Since June 2018, Ontario has witnessed an increase of 231,300 jobs and expects savings for businesses of $5 billion.
In making Ontario open for business and open for jobs, Vic Fedeli, Minister of Economic Development, Job Creation and Trade said, "there has never been a better time to invest in Ontario than now. We will continue to showcase Ontario as the premier destination for investment."
Ontario trade mission to Japan and South Korea from October 12-25, 2019 led by Minister Fedeli, Ernie Hardeman, Minister of Agriculture, Food and Rural Affairs, and Raymond Cho, Minister for Seniors and Accessibility will be focused on agriculture, automotive, aerospace and other key emerging sectors.
Ottawa, Sept 20 (Canadian-Media): Annual Financial Report of the Government of Canada for 2018–19 released by the department of Finance on Sept 17, provides an overview of the Government’s financial results for the fiscal year ended March 31, 2019, media reports said.
Also included in the report are the condensed consolidated financial statements of the Government and the audit opinion of the Auditor General of Canada which are also available on the Public Services and Procurement Canada website.
Canada’s total government net debt-to-GDP ratio continues to be the lowest among the Group of Seven (G7) countries and less than half the G7 average.
For the 21st consecutive year, the Government has received an unmodified audit opinion from the Auditor General of Canada on the consolidated financial statements.
Toronto, Sept 20 (Canadian-Media): More temporary job losses at General Motors (GM)'s assembly plant in Oshawa, Ontario resulted as a strike in U.S. by 49,000 United Auto Workers against General Motors, media reports said.
"We plan to resume these operations as quickly as possible upon resolution of the UAW strike," GM spokesperson Jennifer Wright said in a statement.
Unifor, the union for the Canadian workers, said that workers will be paid during the temporary layoffs .
Meanwhile, details are becoming clearer on GM's offer to invest $7 billion US in U.S. facilities, an offer made on the eve of the strike that began Monday to include $2 billion from joint ventures and suppliers for new plants that would pay workers less than the top union wage, a person briefed on the matter said.
CEO Mary Barra's prediction of an "all-electric future" for GM, was a threat to gas-powered cars, which could be in jeopardy.