The Hamilton Chamber of Commerce congratulates the federal and provincial governments for working together to fund an unprecedented investment in transit across our region, including the Hamilton City Council-approved B-Line LRT project that will run from McMaster University to Centennial Parkway.

This announcement comes after a decade of collective community advocacy from the Chamber and countless Hamilton organizations and citizens who believe in the transformative economic and social benefits this once-in-a-lifetime infrastructure investment will generate for our entire city.

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On March 24, the Minister of Finance and President of the Treasury Board, Peter Bethlenfalvy, released Ontario’s Action Plan: Protecting People’s Health and Our Economy. The 2021 Budget is the next phase of Ontario’s response to COVID-19 and is the second Budget the government has delivered during the pandemic.

The 2021 Budget builds on the government’s record investments in response to the global pandemic, bringing total investments to $16.3 billion to protect people’s health and $23.3 billion to protect our economy.

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On January 28, 2021, the Ontario Chamber of Commerce (OCC) released the fifth annual Ontario Economic Report (OER) detailing the experiences and confidence levels of Ontario businesses based on data collected through multiple surveys conducted over the past several months.

Click here to review the 2021 Ontario Economic Report

According to the OER, Ontario witnessed a steep decline in real GDP growth (-5.6 percent) in 2020 but is projected to see a moderate rebound of 4.8 percent in 2021, fuelled largely in part by expectations for vaccination rollout and the eventual re-opening of the economy. 

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