Twitter  Facebook Newsletter Sign UpJoin Now 

Chamber News

Back to News
Accounting for Ontario's Debt

Today, the Ontario Chamber Network and OCC released its most recent report, Accounting for Ontario’s Debt, offering a thoughtful and balanced analysis of the province’s debt.

Ontario’s debt currently amounts to approximately 41 percent of the provincial GDP or, when combined with the federal debt of $680 billion, represents a near 80 percent debt-to-GDP ratio for Ontarians.

With talk of looming provincial debt top of mind, this timely report examines what Ontario’s debt means for the economy of today and tomorrow.

In a recent OCC survey, nearly 80 percent of respondent businesses stated they were concerned about the impact the provincial debt could have on Ontario’s economy.

Managing the provincial debt has been a long-standing concern for the business community as Ontario’s fiscal health directly impacts the ability of business to remain competitive and capitalize on new opportunities.

As the province heads into a time of economic uncertainty, coupled with the possibility of rising interest rates, we urge the government to focus on balancing continued investments in economic development with putting the province’s finances on steady footing.

Paying down the debt should not be at the risk of long-term economic growth or needed investments in infrastructure and services that will have a high return on taxpayer dollars, helping to bolster industry and our economy for generations to come.

Our message in advance of Budget 2019 is about balance: accounting for our province’s debt in a reasonable manner while focusing on key investments and competitive taxation is critical to a stronger Ontario and competing on the global stage.

Click Here to Read the Full Report

Chamber Members SAVE on products and services. Check out these Member 2 Member Offers.

NRG Alternatives - 10% Discount
Papa Johns Pizza Member Offer- 25% off
Superior Propane - Save 5% on fixed price propane
St. John Ambulance - Discount on training
Friendly Fires - 10% OFF
Cloud Bookkeeping Services - 10% OFF
Shoppers Drug Mart - Save 20% on Thursdays
RBC - Save on Bank charges
Constant Contact Chamber Member Offer
Group Benefit Plan for Chamber Members
Allen Insurance - Exclusive Chamber Member Rates
Jesan Property Maintenance - SAVE 10%
Quinte Siding - 10% OFF
Belleville & District Shrine Club
Stirling Festival Theatre - Group Discounts available to members
Be Prepared First Aid Traning - 15% off
Parsons Cleaners Member offer - 10% OFF
Esso Chamber
OSM Website design - SAVE on services.
Dinkles & Paulos Restaurants - 10% OFF
Grand & Toy - Members can save up to 85%
Grand & Toy - Cost-saving solutions
Body Systems Nutrition - 15% OFF purchases.
Dinkles & Paulos Restaurants - 10% OFF
OSM Website design - SAVE on services.
Group Benefit Plan for Chamber Members
Body Systems Nutrition - 15% OFF purchases.
Allen Insurance - Exclusive Chamber Member Rates
Jesan Property Maintenance - SAVE 10%
Grand & Toy - Cost-saving solutions
Constant Contact Chamber Member Offer
Superior Propane - Save 5% on fixed price propane
NRG Alternatives - 10% Discount
RBC - Save on Bank charges
Belleville & District Shrine Club
St. John Ambulance - Discount on training
Be Prepared First Aid Traning - 15% off
Cloud Bookkeeping Services - 10% OFF
Esso Chamber
Parsons Cleaners Member offer - 10% OFF
Shoppers Drug Mart - Save 20% on Thursdays
Grand & Toy - Members can save up to 85%
Friendly Fires - 10% OFF
Quinte Siding - 10% OFF
Stirling Festival Theatre - Group Discounts available to members
Papa Johns Pizza Member Offer- 25% off
St. John Ambulance - Discount on training
Quinte Siding - 10% OFF
Grand & Toy - Members can save up to 85%
Be Prepared First Aid Traning - 15% off
Cloud Bookkeeping Services - 10% OFF
Grand & Toy - Cost-saving solutions
Parsons Cleaners Member offer - 10% OFF
Constant Contact Chamber Member Offer
Stirling Festival Theatre - Group Discounts available to members
Allen Insurance - Exclusive Chamber Member Rates
OSM Website design - SAVE on services.
Group Benefit Plan for Chamber Members
Belleville & District Shrine Club
Body Systems Nutrition - 15% OFF purchases.
Friendly Fires - 10% OFF
Esso Chamber
NRG Alternatives - 10% Discount
Shoppers Drug Mart - Save 20% on Thursdays
Papa Johns Pizza Member Offer- 25% off
Superior Propane - Save 5% on fixed price propane
Dinkles & Paulos Restaurants - 10% OFF
RBC - Save on Bank charges
Jesan Property Maintenance - SAVE 10%