Ontario continues to show robust economic growth under the leadership of Vic Fedeli, Minister of Economic Development, Job Creation and Trade. According to the latest employment data from Statistics Canada, the province added 25,000 new jobs in April, leading the country in job creation. The manufacturing sector alone saw an addition of 5,800 jobs.
Minister Fedeli remarked, “For the fourth consecutive month, employment in Ontario has increased, reflecting our government’s effective and prudent approach to fostering good-paying jobs and economic growth across the province.”
Despite facing ongoing economic challenges, Ontario has been successful in attracting significant investments, both domestic and international. Highlighting this success, Minister Fedeli announced last month’s $15 billion investment by Honda Motor Ltd. and its joint venture partners to establish four new manufacturing plants in Ontario. This record-setting investment in the Canadian auto industry is set to bolster Ontario’s electric vehicle supply chain and generate thousands of high-quality jobs.
“This investment from Honda is a testament to the confidence in Ontario’s competitive business environment, our world-class workforce, clean energy resources, and reliable supply chains,” Fedeli added.
Over the past four years, Ontario has secured over $43 billion in investments related to the automotive and electric vehicle sectors, driving growth and innovation across its manufacturing industries.
The provincial government remains committed to rebuilding and enhancing Ontario’s economy by continuing to attract and support significant investments, aiming to ensure prosperity for future generations.