April 27th – Encouraging signs at Ontario's General Motors plants show Ontario's economy is beginning to turn the corner.
GM will add a second and third shift in Oshawa resulting in the recall of 1,300 workers to keep up with increased production. At the CAMI plant in Ingersoll, 70 new jobs have been added to keep up with expanded production.
Ontario partnered with the Canadian and American governments to support the restructuring of General Motors that saved thousands of jobs and kept the automaker in Canada. Ontario's share was $3.5 billion, which included $500 million in loans that have been repaid. Canada and Ontario retain 11.7 per cent of GM equity through preferred and common shares.
Attracting investment -- and holding onto businesses already in Ontario -- is part of the five-year Open Ontario Plan which includes competitive tax reforms and strengthening health care and education.
Read about Open Ontario, the government's five-year plan for the economy.